By rebounding from the 200-hour moving average, the current price action indicates that a solid foundation has been built. This is shown by the fact that the basis has been established. The 50-hour moving average is currently situated around approximately Rs 10,790, which acts as a substantial hurdle in the short term. A probable decrease in selling pressure is indicated by the fact that the Relative Strength Index is exhibiting indications of recovery from its lower levels.

According to the MACD indicator, a bullish crossing has occurred, which shows that there is a possibility of an increase in momentum in the short term. At the moment, trading volumes are at a moderate level, which is suggestive of focused purchase activity near critical support regions. Following a challenge of the 200-hour moving average support at Rs 10,260, Guar Gum futures are displaying initial hints of stability on the 1-hour chart.

This comes after the support barrier was tested. Despite the fact that the price is still facing challenges from the 50-hour moving average, which is located close to Rs 10,790, the recent rebound suggests that buyers are actively supporting lower price points. According to the levels, there appears to be immediate resistance between Rs 10,753 and Rs 10,913, while major support levels have been found at Rs 10,232 and Rs 9,812.