Advanced Enzyme Technologies Ltd_ Short-term

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.