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(GRASIM) Grasim Industries complete technical analysis [charts+indicators] | Buy/Sell Grasim Industries | (GRASIM) share price targets

Complete technical analysis of Grasim Industries (GRASIM) by charts plus indicators, forecast predictions and share price targets for Grasim Industries (GRASIM)

10 day averaged volume of Grasim Industries is 951561

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 2466.15 2499.00 2515.60 2450.60 3.014 times
20 Thu Jun 2024 2498.80 2447.10 2504.00 2432.50 1.06 times
19 Wed Jun 2024 2447.15 2458.00 2460.85 2412.00 0.703 times
18 Tue Jun 2024 2457.55 2471.00 2487.45 2445.00 0.491 times
14 Fri Jun 2024 2471.20 2458.05 2523.70 2450.00 1.621 times

Stock of Grasim Industries (GRASIM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2471.3 as stoploss in an intra day sell trade for a target of 2406.57. However, stock will show a bullish move above 2471.3.

Share price targets for Grasim Industries (GRASIM)

Target Type Value
Downside Target 2027.50
Downside Target 2128.60
Downside Target 2171.60
Downside Target 2295.95
Downside Target 2375.30
Downside Target 2438.45
Upside Target 2469.95
Upside Target 2474.80
Upside Target 2489.75
Upside Target 2515.60
Upside Target 2523.70

Intraday share price targets for Grasim Industries (GRASIM)

Target Type Value
Downside Intraday Target 2413.57
Downside Intraday Target 2360.98
Upside Intraday Target 2517.17
Upside Intraday Target 2568.18
Downside Intraday Target 2464.58

Weekly technical analysis of Grasim Industries (GRASIM)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 2466.15 2471.00 2515.60 2412.00 1.243 times
14 Fri Jun 2024 2471.20 2381.10 2523.70 2375.30 0.713 times
07 Fri Jun 2024 2379.85 2400.00 2405.20 2171.60 1.063 times
31 Fri May 2024 2316.25 2441.05 2469.95 2295.95 1.834 times
24 Fri May 2024 2441.00 2444.00 2474.80 2395.65 0.783 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Grasim Industries (GRASIM)

Date Monthly Closing Price Open High Low Volume
21 Fri Jun 2024 2466.15 2400.00 2523.70 2171.60 0.838 times
31 Fri May 2024 2316.25 2410.00 2489.75 2295.95 1.242 times
30 Tue Apr 2024 2411.65 2300.00 2438.45 2201.35 0.894 times
28 Thu Mar 2024 2287.30 2209.00 2309.20 2128.60 0.665 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Grasim Industries (GRASIM)

Indicator Name Indicator Value Indicator Signal
ADX 27, 19, 17 Buy
MACD 56, 47Buy
Stochastics 80Buy
CCI 80Sell
RSI 51Buy
OBV -287416Sell
VWAP 2461Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Grasim Industries ( (GRASIM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Grasim Industries ( (GRASIM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Grasim Industries ( (GRASIM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Grasim Industries ( (GRASIM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Grasim Industries stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Grasim Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Grasim Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Grasim Industries in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Grasim Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2460.67 and Grasim Industries (GRASIM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Grasim Industries (GRASIM) stock. Volume based technical analysis of Grasim Industries (GRASIM) stock is negative.

Grasim Industries Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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