Apar Industries Ltd.– Potential Trend Resumption in Play

🔍 Quick Technical Snapshot: Current Price: ₹8,620.00 (+8.85% this week) Structure: Strong long-term uptrend with a sharp correction in early 2025. Key Development: The stock has broken above its corrective falling trendline and is showing signs of trend resumption. 🔑 Key Levels: Immediate Resistance: ₹8,865 – major horizontal and volume zone. Immediate Support: ₹7,575 – recent breakout retest zone. Critical Support: ₹6,149 – prior breakdown area. 🚀 Bullish Case: Sustained move above ₹8,865 could lead to retesting the ₹10,500–₹11,000 supply zone. Volume has been supportive during the recovery rally. Price structure is forming higher lows post V-shaped reversal. ⚠️ Bearish Case: Failure to clear ₹8,865 could trigger short-term consolidation or minor pullback towards ₹7,575. Breakdown below ₹7,575 may shift bias to neutral. 📌 Summary: View Support Resistance Bias Short-Term ₹7,575 ₹8,865 Bullish Medium-Term ₹6,149 ₹10,500–₹11,000 Bullish above ₹7,575 Long-Term ₹6,149 ₹11,000+ Bullish if structure holds 👉 Key Watch: Close above ₹8,865 could reignite momentum towards previous highs. 📢 Disclaimer: This is for informational purposes only. Nothing herein is a buy/sell recommendation. I may or may not hold positions in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully. 🔗 Investor Charter & SCORES complaint link available in bio.