📊 Gallantt Ispat Ltd – Bearish Trend Continues Below Key Resistance
The stock remains under selling pressure despite a minor pullback, with price trading below key resistance levels and the overall trend still weak.
🔎 Technical Observations:
• Strong downtrend with lower highs & lower lows
• Selling pressure continues near resistance
• Weak momentum despite short-term bounce
• Volume needs improvement for reversal
🔑 Key Levels:
• Support: ₹520 – ₹500
• Major Support: ₹488 – ₹455
• Resistance: ₹585 – ₹622
🚀 Bullish Trigger:
Sustained move above ₹622 may open the path towards ₹650+ / ₹683.
📉 Risk:
A break below ₹520 can extend the downside towards lower support zones.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊