📊 Asahi India Glass Ltd – Early Reversal Attempt
The stock is showing signs of recovery from lower levels after a prolonged downtrend, with early indications of buyer interest and short-term reversal setup.
🔎 Technical Observations:
• Price bounced from strong demand zone near ₹850–₹880
• Formation of higher low structure on short-term basis
• Recent bullish candle with volume spike
• Momentum indicators trying to reverse from oversold zone
• Price attempting to reclaim nearby resistance levels
🔑 Key Levels to Watch:
• Immediate Resistance: ₹914 – ₹922
• Breakout Level: Above ₹922
📈 Upside Targets:
• ₹981
• ₹1,013
• ₹1,083+
📉 Support Levels:
• ₹880 (Immediate Support)
• ₹850 (Major Support)
⚠️ Risk Scenario:
Break below ₹880 may weaken the setup and lead to further downside.
— AALGO BREATHS 📈
For educational purposes only