Stop Loss: Rs 2,610
Target: Rs 3,130
GRSE has given a decisive upside breakout from its sideways consolidation range, signaling renewed bullish momentum. The stock has repeatedly taken strong support near the Rs 2,400 zone, where multiple instances of accumulation were observed, indicating strong buying interest from lower levels. It is trading comfortably above its key moving averages — 20, 50, and 200-day EMAs — reaffirming a strong bullish structure and continuation of the rising trend. On the upside, immediate resistance is placed near Rs 2,800, and a sustained move above this level could trigger further upside momentum toward higher targets. On the downside, support is seen around the 20-day EMA near Rs 2,610, which is likely to act as a cushion during any short-term pullback.
(Hitesh Tailor Research Analyst, Choice Broking)