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Dhwani Patel

5th Sep · SEBI Registration INH200008608

Asahi India Glass - Ichimoku system pointing Up

ASAHIINDIA
trades at Rs 956, and this is the rare chart where all five Ichimoku components agree, which makes it a useful reference for what a fully aligned setup looks like. Price sits above the cloud, which spans Rs 885 to Rs 886. Price is above the Tenkan at Rs 952, and the Tenkan is above the Kijun at Rs 923, so short term momentum leads the medium term. The Chikou span is well clear of the price action from 26 sessions ago. Projecting forward, Span A at Rs 937 sits above Span B at Rs 902, so the cloud ahead is bullish and rising. The 50 EMA has climbed about 3.9% over the last 20 sessions, confirming the slope rather than just the position. When every component lines up this way, the reading is straightforward and there is no conflict to resolve. That is worth noticing precisely because it is uncommon. Most charts have at least one line arguing with the others. The earnings support it. Q1 FY27 revenue rose about 15% and consolidated profit after tax jumped to roughly Rs 149 Cr from around Rs 56 Cr a year earlier. Asahi supplies both automotive and architectural glass, so it carries auto production cycles on one side and construction demand on the other, with energy costs a meaningful input given glass is furnace intensive. The risks are a slowdown in auto volumes and any sharp move in fuel prices. The stock is up about 8% over 60 sessions and sits under 2% below its 60 day high of Rs 974. Above Rs 974 the setup strengthens further. Below the Kijun at Rs 923 it weakens, and a move back into the cloud would end the alignment.

#StockInNews#Today’sTradingSetup#WatchOutFor#TechnicalViews
Screenshot 2026-09-05 142907.png
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