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Technicals for Grasim Industries Limited
By MusingTheNews
2026-02-02 20:35
Overall Technical outlook
Price Summary
On 2026-02-02, Grasim Industries Limited's stock opened at 2740.0, reached 2781.9, hit a low of 2713.0, and rose 1.26% to close at 2774.6, with 929575 shares traded. In the past year, the highest stock price was 2958.7, and the lowest was 2306.65. The future price of GRASIM is projected to range from 2960.0 to 3690.0, with an average expected price of 3317.8333, according to 12 analysts.
Technicals
Support and Resistance: With the current price at 2774.6, support is found at 2724.6 and resistance at 2775.6. These levels indicate where buyers might step in at 2724.6, while sellers could limit gains at 2775.6, defining a trading boundary for Grasim Industries Limited. Support/Resistance for GRASIM
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for Grasim Industries Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for GRASIM, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Grasim Industries Limited
Parabolic SAR: The PSAR has just turned from bullish to bearish for Grasim Industries Limited, hinting at a possible market downturn. If this move is corroborated by other indicators, it could signal a strong bearish trend. Investors should be cautious and wait for additional confirmation before making decisions. Parabolic Stop and Reverse chart for Grasim Industries Limited
Stochastic: The STOCHASTIC is currently in a neutral position for Grasim Industries Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Stochastic chart for Grasim Industries Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Tripple SMA chart for Grasim Industries Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
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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