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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.#SectorBreakouts#TechnicalViews#FundamentalViews#StockInNews
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