Lloyds Metals clears ₹1,860 resistance! watch

Lloyds Metals clears ₹1,860 resistance Lloyds Metals and Energy Limited (NSE: LLOYDSME) closed at ₹1,902.20 on September 29, gaining 3.59%. The stock moved above its ₹1,860.50 second-resistance level in the latest breakout scan. Why it matters The stock also crossed the first resistance at ₹1,848.40. The technical pivot is ₹1,827.70, while the next resistance is ₹1,893.30. Support levels are ₹1,815.60, ₹1,794.90 and ₹1,762.10. September 29 trading reached a high of ₹1,908.10, keeping the stock close to the next technical zone. Moneycontrol's VWAP data also shows the stock above its 5-day, 10-day, 20-day, 100-day and 200-day VWAP levels, although it remained below the 50-day VWAP of ₹1,924.53. My view The short-term structure has improved after the stock moved above multiple resistance levels. The key test now is whether the breakout can sustain above the ₹1,860 area. What I am watching ₹1,860.50 is the key breakout level. The ₹1,893.30 area is the next technical resistance from the latest scan. A move below ₹1,827.70 would weaken the current setup.