🔁 Strong Base Retest & Rebound – SUPREME INDUSTRIES in Focus!

📉 Price Action Setup: After forming a strong base around ₹2,686, the stock delivered a breakout and rallied towards ₹6,500. Recently, it has corrected back to its 200-week EMA (currently near ₹3,500) and shown a bullish reversal with a higher low. 💡 AVWAP Insight: Price found strong support at AVWAP anchored from the July 2023 rally, confirming that institutional buyers are stepping in again. Current price is ₹4,298 — still below all-time highs, offering a value re-entry zone. 📊 Volume Signals: Spike in green volume bars during bounce from support shows renewed demand. 📈 Fundamental Highlights: Industry leader in plastic piping systems with diversified product mix ROCE consistently around 25%+, indicating efficient capital use Strong operating leverage and debt-free balance sheet Expansion into value-added segments (e.g., CPVC, furniture, tanks) 📌 Watchlist Levels: Immediate resistance near ₹4,600 Above that, a move toward ₹5,400–₹6,000 possible Ideal swing setup with SL near ₹3,950 on weekly closing