At these lower levels, the recovery in pricing from the 200-hour moving average indicates that there is a significant demand for the product. The fifty-hour moving average is currently situated around approximately Rs 5,753, which acts as a key hurdle in the near term’s context. There has been a slow but steady improvement in the Relative Strength Index, which indicates that the downward momentum is beginning to slow down.

Based on the fact that the MACD indicator has produced a bullish crossing, it appears that a potential short-term recovery effort is now beginning. It appears that the market is stable, as seen by the present volumes, which are characterized by cautious purchase behavior rather than a fiery accumulation tendency. Following a challenge of the 200-hour moving average support at Rs 5,497, the Guar Seed futures market is exhibiting indications of stability on the 1-hour chart.

Despite the fact that the market continues to face selling resistance close to the 50-hour moving average, which is located at about Rs 5,753, the rebound from this level suggests that buyers are engaged at lower price points. As shown by the Fibonacci retracement levels, there appears to be an immediate resistance around the levels of Rs 5,753 and Rs 5,956. Additionally, there are strong support levels highlighted at Rs 5,497 and Rs 5,297.