Advanced Enzyme Technologies Ltd (ADVENZYMES) – Technical Analysis
Current Price: ₹355–356 (as of Aug 29, 2025)
Stock has rallied +18% in 2 sessions, showing strong momentum.
Price has broken above key resistance at ₹336 (pivot), turning it into support.
📈 Indicators & Momentum
Moving Averages (MA20/50/200): Price is trading above all major EMAs, confirming bullish trend.
RSI (14): ~68 → approaching overbought zone, but still has room to push higher.
ADX (14): >30 → trend strength is strong and valid.
Volume: Delivery volume spiked 7.5x above average, confirming institutional interest.
🧭 Chart Structure
Breakout above ₹336 pivot signals start of a fresh uptrend.
A daily close above ₹380 may open the path toward ₹410 – ₹455 zone.
Watch for consolidation near ₹350–₹360 before next leg.
⚡ Trading View
Bias: Bullish as long as price stays above ₹336.
Short-Term Target: ₹380 → ₹410
Medium-Term Target: ₹455
Invalidation: Close below ₹336 pivot may weaken trend.
Disclaimer: This is a technical analysis study for educational purposes only — not investment advice. Always do your own research before trading.
Current Price: ₹355–356 (as of Aug 29, 2025)
Stock has rallied +18% in 2 sessions, showing strong momentum.
Price has broken above key resistance at ₹336 (pivot), turning it into support.
📈 Indicators & Momentum
Moving Averages (MA20/50/200): Price is trading above all major EMAs, confirming bullish trend.
RSI (14): ~68 → approaching overbought zone, but still has room to push higher.
ADX (14): >30 → trend strength is strong and valid.
Volume: Delivery volume spiked 7.5x above average, confirming institutional interest.
🧭 Chart Structure
Breakout above ₹336 pivot signals start of a fresh uptrend.
A daily close above ₹380 may open the path toward ₹410 – ₹455 zone.
Watch for consolidation near ₹350–₹360 before next leg.
⚡ Trading View
Bias: Bullish as long as price stays above ₹336.
Short-Term Target: ₹380 → ₹410
Medium-Term Target: ₹455
Invalidation: Close below ₹336 pivot may weaken trend.
Disclaimer: This is a technical analysis study for educational purposes only — not investment advice. Always do your own research before trading.
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.