Asahi India Glass: Rounding Bottom Signals Trend ReversalAsahi India Glass LimitedNSE:ASAHIINDIAyatharthshah23Asahi India Glass is gradually transitioning from a prolonged corrective phase into a potential new uptrend. The chart is forming a rounding bottom pattern, with price consistently making higher highs and higher lows, reflecting improving momentum and strengthening buyer participation. The stock is now approaching a cluster of overhead resistance levels, making the coming sessions crucial for confirming the next leg of the trend. 🔍 Technical Setup Timeframe: Daily CMP: ₹972.10 Pattern: Rounding Bottom / Trend Reversal Immediate Resistance: ₹994 Major Resistance: ₹1,037 Long-term Resistance: ₹1,066 Immediate Support: ₹960 Strong Support: ₹930–₹940 🎯 Bullish Scenario A sustained breakout above ₹994 would confirm the continuation of the emerging uptrend. Target 1: ₹1,037 Target 2: ₹1,066 A move above the final resistance zone could open the door for fresh price discovery and a stronger medium-term rally. ⚠️ Risk Failure to clear ₹994 may result in short-term consolidation. A breakdown below ₹960 would weaken the current bullish structure and increase the probability of a retest of lower support levels. 📌 Trade Plan Entry: On a convincing close above ₹994 with rising volume. Stop Loss: Below ₹960. Confirmation: Strong bullish candle accompanied by higher-than-average volume. The overall structure remains constructive, with the rounding bottom indicating a shift from distribution to accumulation. Traders should watch for a decisive breakout to validate the bullish setup. Disclaimer: This analysis is for educational purposes only and should not be considered investment advice.