# Mawana Sugars (NSE: MAWANASUG): Knocking on the Door of a 4-Year Resistance 🚀
**Timeframe:** Weekly | **CMP:** ₹169.05 (+15.44% on the week)
## The setup
Mawana Sugars has spent most of the last four years stuck in a wide range. Support sits at **₹73.69**, which held in early 2026, and the ceiling is at **₹179.91**, the high from 2022 that has capped every rally since.
After basing near ₹75-80 for months, the stock broke out of that structure in mid-2026 with a strong run of weekly candles, a brief consolidation around the ₹120-140 zone, and now another sharp leg up. This week's candle printed **₹145.30 → ₹189.50**, closing at ₹169.05 for a gain of over 15%.
## What I'm watching
- **Resistance: ₹179.91.** This week's high of ₹189.50 poked above it, but the candle closed below and left a long upper wick. That tells me sellers defended the level, so this is **not a confirmed breakout yet**.
- **Confirmation: a weekly close above ₹179.91**, ideally with strong volume.
- **Support: ₹140-145.** This is the open of this week's candle and the area of the recent consolidation. A weekly close back below it would weaken the structure.
- **Major base: ₹73.69.** The multi-year floor.
## Measured move
The range height from ₹73.69 to ₹179.91 is about **₹106.22 (~37% of the range top, or ~144% from the low)**. Projecting that height up from a confirmed breakout gives a theoretical target near **₹285-290**. Treat this as a projection, not a guarantee.
## Scenarios
- **Bullish:** A weekly close above ₹179.91, then a retest of that level as support, would be a classic breakout-retest and could open the path toward the ₹285 zone.
- **Neutral/cautious:** Another rejection at ₹180-190 with a close back under ₹145 suggests a double-top style pause, and the stock may consolidate before another attempt.
## Notes
After a ~140% run off the lows, the stock is extended, so patience around a retest may offer a better risk/reward than chasing the wick. Sugar stocks are also cyclical and sensitive to sugar prices, ethanol policy and monsoon, so keep an eye on fundamentals alongside the chart.
*This is my personal technical view for educational purposes, not investment advice. Do your own research and manage your risk.*
**What do you think: breakout or rejection? Drop your thoughts below 👇**
#MAWANASUG #NSE #SugarStocks #Breakout #PriceAction #TechnicalAnalysis #SwingTrading
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**Timeframe:** Weekly | **CMP:** ₹169.05 (+15.44% on the week)
## The setup
Mawana Sugars has spent most of the last four years stuck in a wide range. Support sits at **₹73.69**, which held in early 2026, and the ceiling is at **₹179.91**, the high from 2022 that has capped every rally since.
After basing near ₹75-80 for months, the stock broke out of that structure in mid-2026 with a strong run of weekly candles, a brief consolidation around the ₹120-140 zone, and now another sharp leg up. This week's candle printed **₹145.30 → ₹189.50**, closing at ₹169.05 for a gain of over 15%.
## What I'm watching
- **Resistance: ₹179.91.** This week's high of ₹189.50 poked above it, but the candle closed below and left a long upper wick. That tells me sellers defended the level, so this is **not a confirmed breakout yet**.
- **Confirmation: a weekly close above ₹179.91**, ideally with strong volume.
- **Support: ₹140-145.** This is the open of this week's candle and the area of the recent consolidation. A weekly close back below it would weaken the structure.
- **Major base: ₹73.69.** The multi-year floor.
## Measured move
The range height from ₹73.69 to ₹179.91 is about **₹106.22 (~37% of the range top, or ~144% from the low)**. Projecting that height up from a confirmed breakout gives a theoretical target near **₹285-290**. Treat this as a projection, not a guarantee.
## Scenarios
- **Bullish:** A weekly close above ₹179.91, then a retest of that level as support, would be a classic breakout-retest and could open the path toward the ₹285 zone.
- **Neutral/cautious:** Another rejection at ₹180-190 with a close back under ₹145 suggests a double-top style pause, and the stock may consolidate before another attempt.
## Notes
After a ~140% run off the lows, the stock is extended, so patience around a retest may offer a better risk/reward than chasing the wick. Sugar stocks are also cyclical and sensitive to sugar prices, ethanol policy and monsoon, so keep an eye on fundamentals alongside the chart.
*This is my personal technical view for educational purposes, not investment advice. Do your own research and manage your risk.*
**What do you think: breakout or rejection? Drop your thoughts below 👇**
#MAWANASUG #NSE #SugarStocks #Breakout #PriceAction #TechnicalAnalysis #SwingTrading
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.