GVT&D

Showing Signs of Exhaustion – Bearish Bias

is exhibiting short-term bearish signals after a sharp vertical rally. The stock appears to be facing resistance near the ₹3,700–3,800 zone and has started correcting from higher levels, suggesting possible profit booking. With price stretched after a strong upmove and signs of rejection near highs, the risk of a deeper pullback increases. If the stock slips below ₹3,500, it could extend the decline toward ₹3,300–3,200. Unless it quickly reclaims ₹3,750 with strength, the near-term bias remains bearish.