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Umang Bhutada

3rd Jan · SEBI-Registered Analyst

Asahi India Glass (Daily)

ASAHIINDIA
Technical Analysis Trend: Medium-term uptrend intact. Structure: Stock broke above ₹960 and ₹1,000 earlier and is now consolidating above the previous breakout zone. Price Behaviour: Pullback is shallow and orderly — no breakdown signs. Volume: No aggressive distribution visible on declines. Key Levels: Support: ₹960 → ₹900 → ₹805 Resistance: ₹1,074 → ₹1,150 zone Fundamental Analysis Business: Leading automotive and architectural glass manufacturer. Growth Drivers: Auto recovery, EV glass demand, infrastructure & real estate usage. Margins: Sensitive to energy and raw material costs but pricing power improving. Outlook: Beneficiary of auto + infra cycle. Summary View Healthy consolidation after breakout — structurally positive.

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