experienced a sharp downward correction after hitting a major peak near the 200 level. However this steep downtrend has currently paused. The stock has now entered a sideways consolidation phase which means it is trying to build a stable base rather than falling any further. The current price is trading around 153.48. The zone between 140 and 145 is acting as a very strong support floor where buyers consistently step in to prevent the price from dropping lower. On the upper side the 160 to 165 zone is the immediate hurdle or resistance as the stock has struggled to break above this area several times over the past few months. GPPL is strictly moving in a range right now between the 140 support and 165 resistance levels putting it in a wait and watch zone. A strong daily close above the 165 level with high volume would signal a bullish breakout and fresh strength. Conversely a price drop that closes below the 140 floor would be a bearish signal indicating further weakness and a continuation of the old downtrend.

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