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Unite Technologies Financial

30th Aug · SEBI Registration INH000020350

GNG Electronics – Technical View, Demand and supply

The stock

EBGNG
is trading around ₹635.10 on the daily chart. The stock has shown a strong uptrend from the ₹240–₹280 zone followed by a sharp rally towards the ₹680 area. The broader structure remains bullish with higher highs and higher lows visible on the chart. After correcting from the ₹680 area the stock recovered and is again trading near ₹635, indicating buying strength. Immediate resistance is around ₹635–₹640 followed by the previous high zone near ₹680. On the downside ₹580–₹600 is an important support area, while ₹520–₹540 is the next visible support zone. Short-term buyers can watch the ₹635–₹640 zone for sustained strength. A move above the recent high near ₹680 can support further upside momentum. Holders should monitor the ₹580–₹600 support zone as a breakdown can weaken the current structure.

#TechnicalViews#EquityResearch#WatchOutFor#MacroViews
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