GRAVITA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for GRAVITA India Ltd.

Technical Rating: 4.1

📉 Trend Overview

Current Price: ₹1,867 is above both 50 DMA (₹1,804) and 200 DMA (₹1,834) → Bullish alignment

RSI (59.6): Approaching overbought zone, indicating strong momentum

MACD (4.30): Positive and rising → Bullish crossover confirmed

Volume: Slightly below average, but recent spikes suggest renewed interest

📈 Chart Patterns & Indicators

Moving Averages

Price above key DMAs → Uptrend confirmation

No bearish crossover observed

Bollinger Bands

Price near upper band → Momentum strong, but watch for volatility

Support Levels

Strong support: ₹1,804 (50 DMA)

Next support: ₹1,834 (200 DMA)

Resistance Levels

Immediate resistance: ₹1,920–₹1,950 (recent swing highs)

Major resistance: ₹2,100–₹2,200 (gap zone before previous fall)

Long-term resistance: ₹2,700 (52-week high)

🚦 Momentum Signals

Short-Term: Bullish momentum with MACD crossover and RSI strength

Medium-Term: Uptrend intact unless price breaks below ₹1,804

Volume Trend

Recent volume dips, but delivery % remains healthy

FII buying (+1.06%) supports bullish sentiment

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry (Aggressive) 1,820–1,840 Near support, MACD confirmation

Entry (Conservative) Above 1,950 Breakout confirmation

Exit (Short-Term) 1,950–2,000 Resistance zone

Exit (Medium-Term) 2,200–2,700 Long-term resistance, profit zone

🔄 Market Phase

Status: Trending with bullish momentum

Bias: Bullish-to-neutral; watch RSI for signs of exhaustion

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