ASHAPURMIN - Breakout Above Key Resistance

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ASHAPURMIN - Breakout Above Key ResistanceAshapura Minechem LtdNSE:ASHAPURMINSaadMJAshapura Minechem has broken above the important resistance level of ₹698 with strong volume and a strong daily close. After a prolonged decline, the stock formed a base and gradually started making higher lows and higher highs. The recent move above ₹698 confirms a bullish break of structure and indicates strength in the current trend. Key observations: Resistance at ₹698 has been broken. Volume was significantly higher than recent averages. Price closed well above the breakout level. Market structure remains bullish with higher highs and higher lows. Levels to watch: Support: ₹698 Strong Support: ₹670 Resistance Zones: ₹780, ₹840, ₹900 The next important test will be whether the stock can hold above ₹698. A successful retest of this zone could strengthen the bullish case and open the path toward higher levels. This analysis is based on price action and volume behavior and should be combined with individual risk management and broader market conditions. Do your research before you trade. This is for educational purpose.