Exide Industries shares have shown a lot of growth today, the stock started from Rs 410.00 and is currently trading at Rs 442.90 on NSE and on BSE it is trading at Rs 443.35 with just slight difference. Last day this stock had closed at Rs 409.05, today it has seen a rise of 8.28% on NSE and 8.35% on BSE.
Explaining the reason behind this rally, technical analysts have suggested that the stock of Exide Industries has entered the overbought zone and some of them are saying that profit booking has been seen in this stock. Immediate support price of Exceed Industries can be seen at 430 while its resistance price can be seen at 452.