Chart Check: After 30% rally in 3 months, this stock hit a fresh 52-week high; time to buy or book profits?

Exide Industries, an auto component maker, hit a fresh 52-week high in June 2022 and rose more than 30% from March 2023 to June 2023. The recent breakout from a Double Bottom pattern suggests that the rally may not be over yet and short-term traders can look to buy the stock now or on dips for a possible target of 280 levels in the next 3-4 weeks. The daily RSI is at 76.9 and the recent swing high has opened room for the stock to head towards Rs 280 levels in the short term.