Gravita India: Testing the Weekly Ichimoku Cloud

closed at ₹1,598 on the weekly chart, down 4.18%. After its sharp long-term rise, the stock has spent the recent period consolidating between roughly ₹1,500 and ₹1,900. Price is currently inside the Ichimoku cloud, which is positioned between ₹1,590 and ₹1,643. The Kijun-sen near ₹1,569 is the immediate support reference, while the Tenkan-sen near ₹1,717 remains the first meaningful resistance. A weekly close above ₹1,643 would improve the structure and signal an attempt to exit the cloud. A move above ₹1,717 would provide stronger confirmation. On the downside, a break below ₹1,569 could expose ₹1,500 and then ₹1,400. The chart is at a decision point: support is close, but a fresh uptrend will require a decisive move above the cloud.