Anupam Rasayan – “Breakout From 2-Year Cup Pattern: Momentum Strong”

(₹1,246) has given a clean breakout above the long-term resistance around ₹1,118, completing a large cup-shaped pattern, signalling trend reversal. Price sits well above the 9-EMA, confirming strong momentum. Pivot resistance lies near ₹1,267, followed by ₹1,334. Support sits near ₹1,120. Fundamentals: Strong player in specialty chemicals with long-term contracts (often 5–7 years) with global MNCs. Revenue visibility remains robust due to multi-year agreements. Recent challenges in chemical sector easing; margin recovery underway. Strong CAPEX cycle supports long-term growth. Analyst View: Brokerages maintain BUY/HOLD, expecting steady growth with sector revival. Breakout adds bullish confidence.