ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Asahi India Glass Ltd. (ASAHIINDIA)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading near its 52-week high of ₹922. Price action shows bullish continuation with higher highs and strong support from moving averages.

Price Action: At ₹914, ASAHIINDIA is well above both the 50-DMA (₹841) and 200-DMA (₹756), confirming sustained bullish momentum.

📈 Momentum Indicators

RSI (63.6): Bullish zone, indicating strong buying interest but approaching overbought territory. A reading above 70 would suggest caution.

MACD (14.6): Positive crossover and rising, confirming upward momentum and trend strength.

Volume: Current volume (4.25L) is above the 1-week average (3.66L), showing increased participation, which supports the bullish setup.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹922 with volume could trigger a rally toward ₹950+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 880 – 900 Near recent swing low and psychological base

Resistance 922 – 930 52-week high and psychological barrier

Breakout 935+ Above this, next target is ₹960 – ₹980

🎯 Entry & Exit Strategy

Optimal Entry: ₹890 – ₹910 (on dips with bullish confirmation)

Exit Zone: ₹930 – ₹935 (partial profit booking); ₹960+ (final resistance)

Stop Loss: ₹875 (below support zone)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Rising, confirming breakout strength

Outlook: Positive; watch for sustained move above ₹922 with volume for next leg up

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