GVT&D

Rally losing steam correction knocking at the door

is showing signs of exhaustion after a strong uptrend, with price facing repeated rejection near the ₹3,900–₹4,000 zone, indicating a potential distribution phase. The recent pullback with declining momentum (MACD crossover and RSI slipping towards mid-zone) suggests weakening bullish strength, while lower highs on the shorter timeframe hint at selling pressure building up. If the stock fails to hold ₹3,600, a corrective move towards ₹3,300–₹3,200 levels looks likely in the near term.