Rs 150 Resistance Broken With Strong Volume - This Stock Is Back in Focus

Stock to Watch: Aeroflex Enterprises (AEROFLEX ENTERPRISES)

Aeroflex Moves Above Key Resistance; Momentum Turns Stronger

Aeroflex Enterprises has been on a clear uptrend, making higher highs and higher lows on the daily chart. After spending some time consolidating just below the Rs 148–Rs 150 resistance zone, the stock finally broke out with strength, closing at Rs 154.73. What stands out in this move is the sharp jump in volume alongside the breakout candle - that's usually a good sign it's backed by real buying interest, not just a one-off spike. Overall, the price structure still looks firmly positive here.

Bullish EMA Setup Supports the Trend

The moving averages are lining up nicely in favour of the bulls. Price is trading above all the key EMAs, with the 9-EMA at and 21-EMA at sitting below current levels, while the 50, 100, and 200-EMAs are even further down. RSI has climbed to around 69, which shows momentum is strong right now - though it's also getting close to the overbought zone, so it's worth keeping an eye on.

Positive Momentum Keeps the Outlook Strong

Put together, the setup after this breakout looks encouraging - decent price action, a clear volume push, and EMAs stacked in the right order. The old Rs 140– Rs 150 resistance has now flipped into support, which is exactly what you'd want to see after a breakout like this. RSI staying strong is a good sign, though some profit booking wouldn't be surprising after such a sharp move. As long as the broader structure holds up, the stock still looks like it has room to attract more buyers.

Disclaimer: The article is for informational purposes only and not investment advice.