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Arpit Goel

3rd Oct · SEBI-Registered Analyst

$GRSE Technical Analysis with Price Action

The daily chart of $GRSE shows a clear pattern of volatility with strong uptrends followed by sharp corrections. The stock surged from around ₹800 to a peak near ₹3,500, forming a significant resistance zone around ₹3,400–3,500, where price repeatedly faced selling pressure. After the peak, a correction pulled it back to ₹2,400–2,500, which now acts as a support area. Recent price action shows higher lows forming around ₹2,400 and attempts to reclaim ₹2,700–2,750, suggesting a potential accumulation phase. Intraday strength above ₹2,750 with increased volume could signal a breakout toward previous highs, while a drop below ₹2,400 may trigger further consolidation. Overall, the stock is in a recovery mode with key levels at ₹2,400 support and ₹3,400 resistance.

#TechnicalViews
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