Asahi India Glass – Technical View
(Educational | SEBI Reg. INH000019886)
Technical Structure:
Price corrected in a falling wedge after a strong uptrend and is now attempting a rebound from the lower Bollinger Band. Structure hints at a potential trend resumption.
Indicators:
RSI near 50 indicates base formation.
MACD is flattening, suggesting selling pressure is reducing.
Price holding near 20-EMA, a short-term strength sign.
Key Levels:
Support: ₹945 / ₹920
Resistance: ₹1,020 → ₹1,080
Bias:
Neutral-to-positive. A sustained move above ₹1,020 can trigger upside continuation.
⚠️ Educational only, not investment advice.
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