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Umang Bhutada

20th Nov · SEBI-Registered Analyst

ASAHI INDIA GLASS LTD | TECHNO-FUNDA ANALYSIS

ASAHI INDIA GLASS LTD – 1D

ASAHIINDIA
Trend - Strong bullish structure with higher-high + higher-low formation. Price is trading very close to a key breakout zone around ₹1010–1015. Important Levels Support: ₹960 Support 2: ₹899 Major Support: ₹805 Resistance / Breakout Zone: ₹1,012 Upside Targets: ₹1,065 → ₹1,120 Technical View Price is trending strongly above 20/50 EMA → clear momentum. Recent candles show steady buying pressure with low wicks → controlled rally. Consolidation breakout above ₹960 has already played out successfully. Now approaching a fresh resistance at ₹1012; a breakout above this can trigger a quick 5–8% move. Fundamental Snapshot Leading automotive glass manufacturer in India. Strong demand from auto sector + margin improvement trend. Good earnings consistency; stable long-term growth story. Verdict Bullish. Fresh breakout above ₹1012 can open targets of ₹1065–₹1120. SL for swing traders: ₹960

#TechnicalViews#FundamentalViews
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