📊 Andhra Sugars Ltd – Trendline Breakout on Weekly Chart 🚀
📅 Chart Date: October 12, 2025 | Timeframe: Weekly
📈 CMP: ₹81.78 (+9.01%)
📍 Symbol: NSE:ANDHRSUGAR
🔍 Technical Analysis
📉 Downtrend Line Broken After Months of Consolidation
The stock had been trading under a strong falling trendline since mid-2024.
This week’s bullish candle successfully closed above the trendline, indicating a potential reversal from the long-term downtrend.
💥 Volume Confirmation
Noticeable rise in weekly volume (1.84M) compared to the recent average of 1.06M, showing buying interest emerging from the support zones.
🟡 Key Resistance Level: ₹122.91 (previous swing high from June 2024).\
A breakout and weekly close above ₹123 could confirm a major trend reversal and open up higher targets.
📌 Key Levels
Immediate Support (Breakout Retest Zone): ₹75–₹77
Resistance Zone: ₹122.91
Next Targets: ₹95 / ₹110 / ₹123
Stoploss (Weekly Close Basis): ₹70
⚠️ Disclaimer
This analysis is for educational and charting purposes only. Not financial advice. Please do your own research before making any investment decisions.
📅 Chart Date: October 12, 2025 | Timeframe: Weekly
📈 CMP: ₹81.78 (+9.01%)
📍 Symbol: NSE:ANDHRSUGAR
🔍 Technical Analysis
📉 Downtrend Line Broken After Months of Consolidation
The stock had been trading under a strong falling trendline since mid-2024.
This week’s bullish candle successfully closed above the trendline, indicating a potential reversal from the long-term downtrend.
💥 Volume Confirmation
Noticeable rise in weekly volume (1.84M) compared to the recent average of 1.06M, showing buying interest emerging from the support zones.
🟡 Key Resistance Level: ₹122.91 (previous swing high from June 2024).\
A breakout and weekly close above ₹123 could confirm a major trend reversal and open up higher targets.
📌 Key Levels
Immediate Support (Breakout Retest Zone): ₹75–₹77
Resistance Zone: ₹122.91
Next Targets: ₹95 / ₹110 / ₹123
Stoploss (Weekly Close Basis): ₹70
⚠️ Disclaimer
This analysis is for educational and charting purposes only. Not financial advice. Please do your own research before making any investment decisions.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.