Anupam Rasayan is back at a very important zone after its strong rally from the 600 levels towards 1400. The stock has corrected towards its previous multiyear resistance around 1150–1200 which is now acting as support. This is a classic breakout and retest structure where price returns to test the same level that previously restricted its upside. The latest weekly candle has shown rejection from this zone but the recovery still needs confirmation. If buyers successfully defend this support and price starts forming higher highs again, it could signal the beginning of another strong bullish move.
The first major resistance is around 1380–1400 where the stock has faced rejection multiple times. A breakout above this zone could attract fresh buying and open the door towards 1600 as marked on the chart. The current correction has also brought the weekly RSI close to 40 which makes the next few candles particularly important. Sustaining above 1150–1200 will be crucial for maintaining the bullish structure. If this retest succeeds, Anupam Rasayan could be preparing for its next major expansion phase towards new highs.
The first major resistance is around 1380–1400 where the stock has faced rejection multiple times. A breakout above this zone could attract fresh buying and open the door towards 1600 as marked on the chart. The current correction has also brought the weekly RSI close to 40 which makes the next few candles particularly important. Sustaining above 1150–1200 will be crucial for maintaining the bullish structure. If this retest succeeds, Anupam Rasayan could be preparing for its next major expansion phase towards new highs.
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