The current price levels are located in close proximity to the zone where the 50-hour and 200-hour moving averages converge. The current support is situated in the vicinity of Rs 10,450–10,500, which closely corresponds to the most recent foundational area. There is a substantial retracement level that coincides with the observed resistance, which is located between Rs 10,850 and Rs 10,900. For the time being, the Relative Strength Index is in a neutral state, which indicates that there is not a considerable amount of directional momentum in the market.

Additionally, the MACD is exhibiting signals of flattening, which is followed by the possibility of a bearish crossover. This indicates that a cautious approach is required in the near future. As a result of a corrective adjustment from higher levels, the Guar Gum Futures on the 1-hour chart are currently displaying a trading range that is limited. The price action that is currently taking place is settling down close to the 50-hour moving average, which is located at roughly Rs 10,720.

The 200-hour moving average, which is located around Rs 10,490, is providing a basic level of support. The accumulation of moving averages highlights the fact that there is a condition of uncertainty associated with the current term. Positively, the region of Rs 10,850–10,900 functions as a strong resistance area, where selling pressure has limited recent recovery efforts. This is a favorable development.