🏗️ Anant Raj – Volume-backed Breakout Above Key Resistance

🔎 Technical Structure Elliott Wave View: After a prolonged sideways consolidation, the stock has completed its corrective phase and is entering a fresh impulsive wave. The strong upward rally from ₹520 to above ₹700 marks the beginning of a potential Wave 3 expansion. MACD Divergence: Earlier, when price hovered near ₹520–₹540, MACD showed a bullish divergence, signaling accumulation before the breakout. AVWAP Reference: Anchored VWAP from recent swing lows lies near ₹591, which now acts as a strong support-turned-resistance-turned-support zone. Holding above this level strengthens the bullish setup. Key Levels: Support: ₹591 Resistance: ₹740 (immediate), ₹800 (medium-term target) 🏦 Fundamental Backing Strong Real Estate Portfolio: The company has a robust pipeline in residential, commercial, and industrial real estate, benefiting from rising demand in NCR. Financial Strength: Healthy debt-to-equity ratio compared to peers, ensuring balance sheet stability. Profit Growth: Consistent revenue expansion backed by project deliveries and rental income visibility. ROCE Trend: Improvement in return ratios indicates better capital efficiency. 📈 Summary Anant Raj has given a high-volume breakout above ₹591, supported by Elliott Wave structure and bullish MACD divergence. Fundamentals remain solid with consistent profit growth and strong real estate exposure. The stock could head towards ₹740–₹800 in the coming weeks while maintaining ₹591 as a key support.