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CA Omkar Bhutada - SEBI Reg IA

25th Jun 2025 Β· SEBI-Registered Analyst

πŸ’‘ Surya Roshni: Breakout Ke Bilkul Kareeb β€” Bullish Energy Building Up!

SURYAROSNI
πŸ“Š Technical View Price retesting multi-month resistance zone near β‚Ή360 Structure shows repeated attempts to breakout β€” forming a rounded accumulation base Stock trading well above 200-week EMA (~β‚Ή233), indicating long-term bullish bias Breakout above β‚Ή360 could trigger strong momentum rally πŸ” MACD Trend Confirmation Strong MACD crossover with rising histogram β€” trend gaining momentum MACD line diverging positively from signal line after long bearish cycle Last two MACD breakouts led to 30–50% rallies β€” good track record πŸ“ AVWAP Perspective (Though not plotted) Current price is reclaiming past volume-weighted zones post-correction Base built above major moving averages shows demand zone confirmation πŸ“ˆ Fundamental Edge Strong player in steel pipes + lighting segments Beneficiary of infrastructure boom + smart cities + housing for all Consistent revenue and profit growth in last 5 years Healthy debt-to-equity & steady ROCE/ROE improving steadily πŸ”” Conclusion: Surya Roshni is forming a multi-month breakout structure with strong MACD momentum and long-term bullish setup. Keep watch for β‚Ή360+ breakout with volume β€” could ignite the next uptrend.

#FundamentalViews#TechnicalViews#TrendingSectors#EquityResearch#PersonalFinance
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