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Umang Bhutada

17th Nov · SEBI-Registered Analyst

ASAHI INDIA GLASS | TECHNO-FUNDA ANALYST

Asahi India Glass Ltd – 1W

ASAHIINDIA
Trend- Very strong long-term uptrend; fresh breakout on weekly timeframe. Support & Resistance- Fresh Breakout Level: ₹961 Retest Zone: ₹878 Strong Support: ₹805 Chart Behaviour- Strong bullish candle closing above ₹961 breakout zone. Volume expansion confirms institutional buying. Higher highs + higher lows structure perfectly intact. Expected Move- Upside: Continuation toward ₹1,050 → ₹1,120 possible. Downside: Healthy retest may come toward ₹961 or ₹878. Fundamentals (Short)- India’s largest automotive & architectural glass manufacturer Strong demand from auto & housing sector Margin expansion visible Long-term growth story intact Final Verdict- 🚀 Strong Buy Target: ₹1,050 → ₹1,120 SL (weekly close): ₹878

#FundamentalViews#TechnicalViews
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