When Textbook Meets Extremes: Perfect Inverted Head and Shoulder📌 ASAHI INDIA GLASS | Weekly Timeframe
🧩 Pattern Breakdown (from a textbook lens):
-Left Shoulder: Formed after the Sept–Nov 2024 rejection
-Head: Created around Feb–May 2025 with a deeper dip
-Right Shoulder: Built through June 2025
-Neckline: ₹750–₹760 zone, tested multiple times
-Breakout Candle: High conviction — wide-bodied, strong close, with 17.61M volume
📘 According to classical technical analysis, Inverted Head & Shoulders patterns often signal a trend reversal. What's notable here is the context — the structure has developed after a sustained move upward, not from a bear phase.
🎯 The candle breaks above a long-standing supply zone with size, volume, and conviction — yet its location at the top makes it structurally interesting and unusual when viewed through traditional pattern psychology.
🚫 This is not a tip, call, or directional bias — just a visual log of structure and volume behavior.
💬 Chart interpretations welcome in comments.
ASAHIINDIA trade ideas
ASAHIINDIA Ready to Shine: Breakout in Focus!Asahi India Glass Ltd is India’s leading automotive and architectural glass manufacturer, backed by robust industry demand, especially in the auto and infrastructure space. The company holds a dominant position in OEM and aftermarket auto glass supply.
Market Cap: ~₹21,300 Cr
P/E Ratio: 48.19 (slightly overvalued but justified by strong growth)
ROE: ~18.75% (Healthy)
Debt to Equity: 0.31 (Well-managed leverage)
Profit Growth (YoY): 57.7%
Revenue Growth (YoY): 25.6%
Key Insight: The company benefits from tailwinds in the automobile sector and increasing demand for energy-efficient architectural glass
Technical Outlook
As per the attached chart, ASAHIINDIA has broken out of a multi-month consolidation zone, with a strong bullish candle crossing the breakout level.
Breakout Zone: ₹835–₹852 (highlighted in pink)
Reversal Zone (Demand Zone): ₹735–₹767 (highlighted in green)
Current Price Action: Testing breakout level with high momentum. Sustained closing above ₹852 could trigger further upside.
Resistance Levels to Watch:
R1: ₹935
R2: ₹1008
R3: ₹1130
🧭 Strategy Suggestion:
Swing Traders: Watch for a daily close above ₹852 for confirmation. First target ₹935.
Positional Investors: Accumulate on dips near the ₹770–₹800 zone with SL below ₹735.
Conclusion
Asahi India is technically breaking out from a major structure with strong bullish volume and price action. With sound fundamentals and sectoral tailwinds, the stock presents an opportunity for both short- and medium-term bullish trades.
Disclaimer: lnkd.in
Asahi india glass
Asahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).
AIS provides end to end solutions in the entire glass value chain - from the manufacturing of
float glass, processing, fabrication to installation services. As a sand-to-solutions company, AIS
offers varied types of glass products and services to its customers in India and across the globe.
ASAHIINDIA Long PositionalDate : 22-09-2024
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Breakout & Retest (PICK RESEARCH TO OBSERVE)
ASAHIINDIA Looks Good @ CMP
SL 555
Target 785, 848, 976++
Accumulation 721
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
ASAHIINDIA bullish above 745.5..?? - Friday, 20 September.ASAHIINDIA: Bullish if ~2 Year long consolidation range is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
Asahi India Glass - Near BreakoutAsahi India Glass - Near Breakout
wait for resistance breakout - near 725 cross
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
Asahi India Glass cmp 701.30 by Weekly Chart viewAsahi India Glass cmp 701.30 by Weekly Chart view
- Support Zone at 600 to 625 Price Band
- Resistance Zone at 705 to 722 ATH Price Band
- Weekly basis Support at 625 > 535 > 445 with the Resistance only at ATH 722
- Stock traded within 445 to 645 price range for close to 2 1/2 years before taking volumes based breakout above current Support Zone
ASAHI INDIA GLASSAsahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).
AIS provides end to end solutions in the entire glass value chain - from the manufacturing of
float glass, processing, fabrication to installation services. As a sand-to-solutions company, AIS
offers varied types of glass products and services to its customers in India and across the globe.
Short Term Trading Idea in Asahi India Glass for > 10% Upside Hi,
NSE:ASAHIINDIA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
ASAHIINDIA#ASAHIINDIA - The stock is within the supply zone of 670-692 and has not made a definitive breakout.
Monitor for a decisive close above 692 with sustained high volume over the next few trading sessions. This will confirm a strong breakout and indicate that the stock has moved past the supply zone.
Amazing breakout on Weekly / Daily Timeframe - ASAHIINDIACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)