Stock Radar: Exide Industries forms Double Bottom pattern after 14% fall from highs; time to buy?
- Posted on October 14, 2024
- By Business News Today
- 2 Views
Stock Radar: Exide Industries forms Double Bottom pattern after 14% fall from highs; time to buy?
Exide Industries stock has rebounded after a dip following its June 2024 peak. Finding support around 450, the stock formed a double bottom pattern and broke through its 50- and 100-day moving averages. This positive momentum suggests a bullish trend for Exide, with the 450 level acting as a strong support zone.
