ASSO ALCOHOLS & BREW LTD (ASALCBR) Breaking out! Should be in WL

Technical Analysis
1. Breakout Alert 🚀:
The stock has broken out of a consolidation zone near ₹1,117 with strong momentum and above-average volume, signaling bullish intent.
2. Trend Confirmation 🔥:
Both the 20 EMA (blue line) and 50 EMA (purple line) are sloping upwards, confirming the uptrend. The stock is trading well above these moving averages, indicating strength.
3. Support Zone 🛡️:
Key support levels lie at ₹1,081 and ₹1,054. These levels can act as a cushion if the stock pulls back.
4. Target Projection 🎯:
Based on the breakout range, the potential upside targets are:
• ₹1,200 (psychological resistance)
• ₹1,205 (measured move from the breakout).
5. Risk-Reward Setup ✅:
• Entry 🟢: ₹1,118 – ₹1,120
• Stop Loss 🔴: ₹1,081 (below the last swing low).
• Risk-Reward Ratio ⚖️: ~2:1, making it an attractive swing trade opportunity.