Technical Analysis Billionbrains Garage Ventures (GROWW)

The stock $GROWW has recovered strongly from the recent correction and is now trading above the important ₹200 level. The chart shows higher highs and higher lows indicating that buyers are gradually taking control. The stock is attempting to continue its upward trend but it needs a strong breakout to confirm further upside. The first support for the stock is in the ₹198–200 range. As long as the price stays above this level the short-term bullish trend remains intact. If selling pressure increases and the stock falls below ₹198, the next strong support is around ₹188–190. The immediate resistance is placed at ₹208–210 where the stock may face some profit booking. A strong breakout above this level with good trading volume can push the price towards the next major resistance at ₹220–225. If the stock manages to close above ₹225 it would confirm a fresh bullish breakout and could open the door for a rally towards ₹240–250. For short-term traders the stock looks positive as long as it trades above the ₹198–200 support zone. A breakout above ₹210 with strong volume could trigger fresh buying momentum and push the stock towards ₹220–225. Traders should avoid chasing the stock before the breakout and maintain a stop-loss below ₹198 to manage risk. Existing investors can continue to hold the stock as the overall technical structure remains bullish. The stock is forming higher highs and higher lows indicating that buyers are still in control.