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AALGO BREATHS I SEBI RA

27th Jul · SEBI-Registered Analyst

Gallantt Ispat Ltd – Bearish Trend Continues Below Key Resistance

$GALLANTT 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 📊

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