Gallant Isp (W) - Consolidates in Bullish Pattern After New ATH

Following a powerful and sustained uptrend since May 2023, Gallantt Ispat Ltd. reached a new All-Time High (ATH) in August 2025. For the past few weeks, the stock has entered a healthy sideways consolidation phase. This type of consolidation after a strong rally is often a bullish continuation pattern, suggesting the primary uptrend is likely to resume.

Strong Underlying Bullish Indicators 👍
The positive long-term outlook is reinforced by several strong technical signals on higher timeframes:

- Sustained Volume: The average trading volume has been increasing, indicating growing and sustained interest in the stock.

- Long-Term Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state on both the monthly and weekly charts.

- Confirmed Strength: The Relative Strength Index (RSI) is also rising on both the monthly and weekly timeframes, confirming strong underlying momentum.

Outlook and Key Price Levels
The price action in the coming weeks will be crucial to determine the next move out of this consolidation.

- Short-Term Range: In the immediate term, the stock could fluctuate between a potential upside target of ₹780 and a downside support level of ₹570.

- Long-Term Potential 📈: If the bullish momentum resumes and the stock breaks out of the current consolidation, a longer-term price target of ₹1,000 could be achievable.