Asian Granito (D): Strongly Bullish - Turnaround BreakoutTimeframe: Daily | Scale: Linear
The stock has confirmed a major structural breakout from a multi-year base (₹34 – ₹75 range). This technical move is backed by a financial turnaround and "Ignition Volume," suggesting the start of a new uptrend.
🚀 1. The Fundamental Catalyst (The "Why")
The explosion in volume is driven by a clear shift in business fundamentals:
> Financial Turnaround: In the recent Q2 FY26 results, the company reported a Consolidated Net Profit of ₹16.72 Crore , a massive jump from just ₹1.2 Crore in the same quarter last year.
> Turnaround Validation: The market is re-rating the stock because it has moved from "survival mode" back to "growth mode," justifying higher valuations.
📈 2. The Chart Structure (The "Lid" is Blown)
> The Base: The ₹34 – ₹75 range has acted as a massive accumulation zone for nearly 3 years.
> The Breakout: The surge past ₹75 clears the "line in the sand."
- Significance: Breaking a 3-year accumulation zone often leads to extended trends, not just short pops.
> Volume: The 13 Million volume day is an "Institutional Stamp." Retail traders don't generate that kind of liquidity; big players are entering.
📊 3. Technical Indicators
> EMAs: The Positive Crossover on Short-term EMAs confirms the trend is accelerating.
> RSI: Rising in all timeframes. Note that RSI may stay "overbought" (>70) for a while during such strong breakouts; this is a sign of strength, not a sell signal.
🎯 4. Future Scenarios & Key Levels
The stock has entered "markup" mode.
> 🐂 Bullish Targets (The Follow-through):
- Target 1: ₹81 .
- Target 2: ₹90 .
> 🛡️ Support (The "Must Hold"):
- Immediate Support: ₹73 – ₹75 . The breakout level ("Polarity Principle").
- Stop Loss: A daily close below ₹68 would indicate the breakout was a "Bull Trap" and invalidate the setup.
Conclusion
This is a Grade A Turnaround Setup . The combination of a 3-year base breakout + Profit Jump + Massive Volume makes this high conviction.
> Strategy: Buying dips near ₹75 is the optimal entry. Watch for the stock to hold above this level to confirm the new leg up.
