Gujarat State Petronet: Technical Rebound, Eyes on Resistance

is trading at ₹308.15 after a strong upmove from its recent swing low at ₹287.55. The stock has staged a technical rebound from oversold territory, supported by a noticeable rise in daily volume. Immediate resistance is seen near ₹315, while next key resistance comes at ₹326–330. On the downside, ₹287–288 is a robust support; any breakdown below this may trigger renewed selling pressure. Technical indicators are displaying early signs of positivity, with bullish signals outnumbering bearish on daily timeframes. However, the broader trend remains under pressure until the price closes above ₹330. Fresh entries are better considered only on a breakout above resistance zones with strict stoploss. Support: ₹287–288 Resistance: ₹315, then ₹326–330 View: Positive bias above ₹315, avoid fresh long positions on breakdown below ₹287.