GRSE recovery crosses ₹2,173 average resistance

Garden Reach Shipbuilders & Engineers Ltd, GRSE is trading near ₹2,202 after a sharp recovery from the recent ₹1,850–₹1,900 demand zone. Price has moved above the faster moving-average level near ₹2,173.50 and is also holding above the lower average near ₹2,106.20. This is a positive change in short-term structure after the earlier downtrend. The MACD has improved sharply. The histogram has turned strongly positive and the MACD line is moving up from deeply negative territory, showing that bearish momentum has reduced significantly. This supports the current recovery, although the stock is now nearing its first important supply zone. ₹2,220–₹2,230 is the immediate resistance area. A sustained close above this range can extend the recovery toward ₹2,300–₹2,330. Above ₹2,330, the chart can attempt a more meaningful trend reversal. ₹2,173 is the first support, followed by ₹2,106. A close below ₹2,106 would weaken the recovery and may bring ₹2,010–₹2,000 back into focus. GRSE has gained momentum, but buyers need to keep price above ₹2,173 and break ₹2,230 for the recovery to strengthen further.