Carborundum Universal breaks above its ₹1,192 range!!

Carborundum Universal breaks above its ₹1,192 range Carborundum Universal Limited (NSE: CARBORUNIV) was trading around ₹1,211.30 after breaking above the ₹1,192 resistance zone. The stock had consolidated between approximately ₹1,020 and ₹1,192 for nearly three months following its June rally from around ₹950 to ₹1,300. The breakout was accompanied by the highest trading volume since the June rally. This provides stronger confirmation that fresh demand has entered the stock after the extended consolidation phase. The ₹1,190-₹1,195 region has now become an important technical reference. If the previous resistance acts as support during any retest, the breakout structure remains intact. My view is that the stock needs to sustain above ₹1,190 rather than simply spike above the resistance. A successful retest would strengthen the continuation structure, while a move back below the range would require reassessment.