Gravita India Limited - Stock Investment Idea Weekly Pick
Gravita India Limited is showing a strong swing setup after rebounding from the 61.8% retracement zone, aligned with the 100-week EMA support. The stock has broken a downward trendline with volume and is forming higher bottoms above the POC. RSI strength and a bullish MACD crossover on weekly charts signal improving momentum and potential upside continuation.
Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)
- Current Price: 1844
- Buying Price: 1800-1860
- Target Price: 2250-2500
- Stop loss: 1530
- Upside: 35%
- Timeframe: 10–12 weeks
Stock Technical Analysis
- The stock witnessed a sharp up move from the 730 level and made an all time high of 2,700 in Sep 2024. After making the high, it has corrected till 61.8% retracement level and took support near 1480 level. This support level is also merging with 100 Week Exponential moving average support level.
- Stock has closed with bullish candlestick formation above the POC (Point of control) line indicating renewed buying interest.
- The stock has given breakout from downward sloping trendline resistance level with volume support and it also making higher bottom formation on daily chart
- The momentum indicator RSI is sustaining above the 50 level on both the daily and weekly charts and MACD has given bullish crossover and closed above 0 on weekly chart suggesting that upside momentum is likely to continue in the coming days
Traders can look to accumulate GRAVITA in the 1,800–1,860 zone and expect upside targets of 2,250–2,500 over the next 10–12 weeks, with a stop loss below 1,530 on a closing basis.
💡 Learn to find more such setups with our swing trading guide to stay ahead of market opportunities.
Know more about Gravita India Limited.
Website: https://www.gravitaindia.com/
Gravita India Ltd is a leading global recycling company specializing in lead, aluminum, and plastic recycling. With operations across multiple countries, the company focuses on sustainable metal recycling, circular economy solutions, and value-added products, serving automotive, infrastructure, and industrial sectors worldwide.
Gravita India Swing Trading – FAQs
Gravita India has drawn traders’ attention due to its strong price recovery from long-term support zones and improving momentum indicators. Below are key questions investors often ask when evaluating this swing trading setup.
Is Gravita India a good stock for swing trading right now?
Gravita India is showing a favorable swing setup with a trendline breakout, higher bottom formation, and strong volume-backed buying interest.
Which technical indicators support the bullish view on GRAVITA?
The setup is supported by RSI holding above 50 on daily and weekly charts, a bullish MACD crossover above zero, and price sustaining above the POC level.
What makes the current support zone important?
The stock rebounded from the 61.8% Fibonacci retracement, which coincides with the 100-week EMA—creating a strong long-term support confluence.
How long can this swing trade play out?
Based on the breakout structure and momentum profile, the move could unfold over the next 10–12 weeks if market conditions remain supportive.
What should traders monitor going forward?
Traders should track price sustainability above the breakout trendline, volume expansion, and RSI holding above 50 for confirmation of trend continuation.
Before You Trade, Strengthen Your Foundations with These Guides
- For a stronger understanding of indicators such as RSI, VWAP, and trendlines, check our 👉 Technical Analysis Fundamentals section.
- Want to refine your risk-reward planning? Explore our insights on 👉 Position Sizing & Risk Management Strategies.
Disclaimer: - Investments in securities market are subject to market risk, read all the related document carefully before investing. https://www.mnclgroup.com/research-disclaimer
