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Rakesh Madhav CFA

9th Dec · SEBI-Registered Analyst

🧪 Anupam Rasayan — Fresh Breakout From Cup Base

ANURAS
continued its upward momentum, rising +4.3% to ₹1,294, breaking out above its multi-month resistance zone near ₹1,245. Key Developments: Strong follow-through after previous week’s breakout from a textbook “cup with handle” pattern. Rising volume (560K) supports price action, confirming genuine accumulation. RSI near 70 reflects strong but sustainable momentum. Technical View: 9-EMA support at ₹1,243 is holding firmly. Price action now forming a higher-high structure, pointing to trend continuation. Next resistance: ₹1,325–₹1,345; Support: ₹1,240 zone. Outlook: Momentum remains bullish with potential to test ₹1,350+ in the short term. 📈 Tone: Bullish continuation; trend traders may ride the breakout with tight trailing stops.

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