ASAHIINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

📊 Technical Overview of Asahi India Glass Ltd. (ASAHIINDIA)

📈 Trend Analysis

Current Price: ₹832

50 DMA: ₹787

200 DMA: ₹714

Trend Status: The stock is in a moderate uptrend, trading above both moving averages. Price action shows a steady climb toward its 52-week high of ₹876, suggesting bullish continuation, though momentum is not aggressive.

📈 Momentum Indicators

RSI (55.0): Neutral to mildly bullish — indicates moderate strength, with room for upside.

MACD (19.3): Positive — confirms bullish crossover, though not sharply accelerating.

Volume: 96.6K vs 1-week avg of 1.33L — below average, suggesting limited conviction in current move.

📊 Bollinger Bands

Price likely near the upper-middle band, consistent with a controlled bullish move.

Bands are moderately expanding, indicating gradual momentum rather than breakout volatility.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 787 Near-term support

200 DMA 714 Long-term support

Current Price 832 Bullish — above both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 800–810 Minor pullback zone

Support 2 785–790 50 DMA zone

Resistance 1 860–876 52-week high zone

Resistance 2 900+ Psychological breakout level

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹800–₹810 (on dip near support)

Exit Zone (Short-Term): ₹860–₹876 (initial resistance), ₹900+ (if breakout confirms)

Stop Loss: ₹780 (below 50 DMA)

📌 Summary

Trend: Trending upward

Momentum: Moderate and stable

Volume: Weak — watch for confirmation

Setup: Suitable for swing traders; ideal entry on minor dip with breakout potential above ₹876

Would you like a scan of other specialty glass or auto component stocks showing stronger volume and RSI breakout signals?

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