Stop Loss: Rs 1,710
Target: Rs 2,056
GRAVITA has broken out above the falling trend line on the daily chart, marking a decisive shift in sentiment as the stock closed with a strong bullish candlestick backed by volumes well above the 20-day average, indicating robust accumulation. It continues to trade firmly above the 20, 50, 100, and 200-day EMAs, reaffirming the strength of the prevailing uptrend. The RSI, currently at 66.19 and rising, underscores strong bullish momentum and suggests the potential for further upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
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