The short-term outlook is bullish for Gallantt Ispat. The stock has surged 15 per cent since Budget Day. The rise over the last two days has taken the share price well above the 200-Day Moving Average (DMA). This gives an early sign of a bullish trend reversal.
The 200-DMA is currently at ₹573. Below that, ₹560-₹550 will be a strong support zone, limiting downside. Gallantt Ispat share price can rise to ₹680 in the coming weeks.
Video Credit: Businessline
Traders can buy Gallantt Ispat shares at ₹597 now. Accumulate on dips at ₹576. Keep the stop-loss at ₹545. Trail the stop-loss to ₹605 as soon as the stock reaches ₹615. Revise the stop-loss higher to ₹620 and ₹645 when the price touches ₹635 and ₹660, respectively. Exit the long positions at ₹675.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on February 6, 2026
