Technical Analysis GARUDA CONSTRUCTION & ENGINEERING

The stock

is showing a positive short-term setup after a long consolidation phase. The stock has formed a base around ₹165–180 and recently moved sharply higher with a noticeable rise in volume indicating improving buying interest. Price is now trading around ₹194–195 and is attempting to break the ₹200 zone. The recent higher highs and higher lows suggest that short-term momentum is turning bullish. However the stock is approaching an important resistance area, so a strong closing above ₹200–205 with sustained volume would confirm the breakout. If the breakout holds the next upside levels can be ₹210–220. A failure near resistance could lead to profit booking. Support & Resistance immediate support is around ₹185–180 followed by stronger support near ₹170–165. On the upside, ₹200–205 is the immediate resistance zone. A decisive close above ₹205 can open the way toward ₹215–220 while rejection from ₹200–205 may bring the stock back toward ₹185–180. Short-term buyers can consider the stock only on a sustained move above ₹195–200 preferably with strong volume. The immediate upside zone is ₹205–210 while a breakout above ₹210 can improve momentum further. Existing holders can continue to hold as long as the stock sustains above ₹180–185 on a closing basis. A decisive break below ₹180 may weaken the setup and could trigger further downside. Overall the short-term view is cautiously positive with breakout confirmation important before fresh buying.