Somany Ceramics breaks above ₹575 resistance !!

Somany Ceramics breaks above ₹575 resistance Somany Ceramics Limited (NSE: SOMANYCERA) is trading around ₹596.30 after a decisive breakout above the ₹575 resistance zone. The move confirms a continuation of the medium-term higher-high and higher-low structure. The stock is trading above its 20-day, 50-day and 100-day moving averages. The breakout also came with an increase in trading volume, providing additional confirmation of renewed buying interest. Why it matters The ₹575 level was the key resistance zone. Sustaining above this area would allow the previous resistance to act as an important support reference during any retest. My view My view is that the stock has a clearly defined technical structure after the breakout. I would focus on whether ₹575 holds rather than treating the initial breakout as confirmation by itself.