GRASIM

Slips Below Key Support Bears Tighten Grip

appear technically bearish after the stock witnessed a sharp breakdown below the crucial support and its 100-day moving average near the ₹2,750 zone. The strong red candle with increased volume indicates aggressive selling pressure and a shift in short-term sentiment toward the downside. Additionally, the RSI has slipped near the oversold region around 32, reflecting weakening momentum and continued dominance of sellers. In my view, if the stock fails to reclaim the ₹2,700–₹2,750 resistance zone, it could remain under pressure and may drift toward the ₹2,500–₹2,450 levels in the near term.