Chart Check: Fresh 52-week high in June! This auto component maker on verge of Pole & Flag breakout on daily charts

Exide Industries, a part of the auto component space, hit a 52-week high in June with a breakout from a bullish Pole and a Flag pattern on the daily charts, implying that the bullish bias will continue. Short-term traders are advised to purchase the stock on dips or now for a potential target of Rs 225 in the next three to four weeks. The stock is trading well above short and long-term moving averages on daily charts, indicating a positive sign for the bulls. The bullish trend is expected to continue, and the overall chart structure suggests a move toward 225 zones with a stop loss below 202 levels.