Cease Loss: Rs 2,610
Goal: Rs 3,130
GRSE has given a decisive upside breakout from its sideways consolidation vary, signaling renewed bullish momentum. The inventory has repeatedly taken robust help close to the Rs 2,400 zone, the place a number of situations of accumulation have been noticed, indicating robust shopping for curiosity from decrease ranges. It’s buying and selling comfortably above its key transferring averages — 20, 50, and 200-day EMAs — reaffirming a powerful bullish construction and continuation of the rising pattern. On the upside, instant resistance is positioned close to Rs 2,800, and a sustained transfer above this stage might set off additional upside momentum towards greater targets. On the draw back, help is seen across the 20-day EMA close to Rs 2,610, which is more likely to act as a cushion throughout any short-term pullback.
(Hitesh Tailor Analysis Analyst, Selection Broking)
