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Technicals for Grasim Industries Limited
By MusingTheNews
2025-04-25 20:35
Overall Technical outlook
Price Summary
Grasim Industries Limited's stock opened at 2726.0 on 2025-04-25, surged to 2739.9, dropped to 2675.2, and ended 0.32% up at 2734.8, with 649339 shares traded. The top price for the stock in the last 52 weeks is 2843.75, with the bottom price being 2256.4. 10 analysts forecast that the price of GRASIM will range from 2500.0 to 3150.0, with an average expected price near 2895.2.
Technicals
Support and Resistance: The price of 2734.8 is supported at 2646.95 and capped by resistance at 2756.9. These levels mark key points for Grasim Industries Limited where the price could find stability, with 2646.95 as a floor and 2756.9 as a ceiling. Support/Resistance for GRASIM
Aroon: The current reading of the AROON is neutral for GRASIM, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Aroon chart for Grasim Industries Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Grasim Industries Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for GRASIM. Parabolic Stop and Reverse chart for Grasim Industries Limited
Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Stochastic chart for Grasim Industries Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory. Tripple SMA chart for Grasim Industries Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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