Granules India – Technical Analysis, Support and Resistance

The stock

India is in a strong long-term bullish trend, but the daily chart shows short-term weakness and consolidation after making a high near ₹920. The stock has corrected from the ₹900+ zone and is currently around ₹816 with recent candles showing selling pressure near higher levels. Support & Resistance: Immediate support is around ₹800–805. If this zone holds, the stock can attempt a recovery toward ₹840–850. Below ₹800 the next important support is around ₹770–780 followed by ₹750–760. On the upside ₹840–850 is the first resistance zone while ₹880–900 and ₹920 are stronger resistance areas. Short-Term Buyers & Holders View: For short-term buyers ₹800–805 is an important zone to monitor for stability. A sustained move above ₹840–850 with strong volume can improve the short-term structure and open the way toward higher resistance zones. If the stock breaks and sustains below ₹800 further correction toward ₹770–780 becomes possible.