EXIDE (PSX) — Strong Downtrend Demand ZoneExide Pakistan Ltd.PSX_DLY:EXIDEMy-AnalysisExide Pakistan is currently in a strong bearish trend, forming consistent lower highs and lower lows on the daily chart. Price recently broke below the PKR 500 psychological support, accelerating selling pressure and pushing the stock near PKR 420. The stock is trading below all major moving averages, which confirms that bears are still in control. A short-term bounce may occur from the PKR 410–400 demand zone, but the overall trend remains bearish unless major resistance levels are reclaimed. 📊 Trade Idea Bearish Continuation Setup 🔴 Resistance: PKR 480 – 500 🟢 Support: PKR 410 – 400 🎯 Possible Scenario • If price fails near PKR 480–500, the downtrend may continue. • Next major support could appear around PKR 400. 📉 Downside Target: PKR 400 📈 Bounce Scenario: If buyers defend PKR 400, a relief rally toward PKR 480 could occur. ⭐ Stock DaDa Insight 😎 Trend is clearly bearish, so traders should wait for strong reversal confirmation before considering long positions. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. #PSX #EXIDE #TechnicalAnalysis #Stocks #TradingView #ChartAnalysis #PakistanStockMarket