Breakout stock for next week

Company is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. It also manufactures Polystyrene which is used for food service and packaging, refrigerator components, electronic goods housings, etc.

Breakout Screener:

Trendline Breakout Setup:

🔹 RSI > 70 and Rising: Momentum is picking up fast. RSI crossing 70 with an upward slope indicates strong bullish sentiment—not overbought weakness, but strength!

🔹 Trading Above EMA50: Price is sustaining above the 50-day Exponential Moving Average—a sign of medium-term trend reversal or continuation.

🔹 Volume Spurt: Breakouts are only meaningful with volume, and this one's supported by a significant increase in trading activity.

🔹 5+ Months of Consolidation: The longer the base, the stronger the breakout. This stock has been coiling for over 5 months—pressure's finally releasing.

🔹 Breaking All-Time High (ATH): Blue-sky breakout! No overhead supply zone—price discovery mode engaged.

💡 Not a recommendation—just a technically strong setup worth watching. Always DYOR (Do Your Own Research).