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(GMBREW) Gm Breweries complete technical analysis [charts+indicators] | Buy/Sell Gm Breweries | (GMBREW) share price targets

Complete technical analysis of Gm Breweries (GMBREW) by charts plus indicators, forecast predictions and share price targets for Gm Breweries (GMBREW)

Gm Breweries trades in NSE in Breweries & Distilleries sector.

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of Gm Breweries is 31952

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	631.00	630.60	638.90	629.05	0.941 times
19 Tue Mar 2024	632.35	626.00	638.00	626.00	1.285 times
18 Mon Mar 2024	625.70	596.00	640.00	591.75	2.341 times
15 Fri Mar 2024	590.50	598.85	598.85	588.10	0.777 times
14 Thu Mar 2024	592.25	584.20	598.75	580.05	0.494 times
13 Wed Mar 2024	584.20	610.85	614.15	580.55	1.692 times
12 Tue Mar 2024	610.85	612.20	620.15	607.00	0.579 times
11 Mon Mar 2024	616.40	625.00	625.00	615.00	0.64 times
07 Thu Mar 2024	620.35	614.55	624.90	614.55	0.612 times
06 Wed Mar 2024	620.20	623.00	625.95	616.60	0.849 times

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 631.9 as stoploss in an intra day sell trade for a target of 618.13. However, stock will show a bullish move above 631.9.

Share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Target	580.05
Downside Target	591.75
Downside Target	612.00
Upside Target	642.00
Upside Target	644.85
Upside Target	652.00
Upside Target	660.00
Upside Target	686.65
Upside Target	718.95
Upside Target	732.00

Intraday share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Intraday Target	601.83
Downside Intraday Target	572.67
Upside Intraday Target	650.08
Upside Intraday Target	669.17
Downside Intraday Target	620.92

Weekly technical analysis of Gm Breweries (GMBREW)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	631.00	596.00	640.00	591.75	1.092 times
15 Fri Mar 2024	590.50	625.00	625.00	580.05	1.42 times
07 Thu Mar 2024	620.35	624.60	630.00	612.45	0.733 times
02 Sat Mar 2024	623.65	635.00	644.85	612.00	1.164 times
23 Fri Feb 2024	630.30	643.10	652.00	629.50	1.025 times

Price has moved up 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 Gm Breweries (GMBREW)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	631.00	615.60	640.00	580.05	0.801 times
29 Thu Feb 2024	615.60	651.10	660.00	613.15	0.312 times
31 Wed Jan 2024	650.75	716.10	732.00	642.00	1.399 times
29 Fri Dec 2023	705.50	656.00	718.95	652.00	1.61 times

Scroll below to view daily charts

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 Gm Breweries (GMBREW)

Price action analysis of Gm Breweries ( (GMBREW) ) based on a short 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 Gm Breweries ( (GMBREW) ) 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 Gm Breweries ( (GMBREW) ) based on a short to mid 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 Gm Breweries ( (GMBREW) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Gm Breweries in short term but the buy signal is initial and weak.

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

Gm Breweries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 buy signal for Gm Breweries in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Gm Breweries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 613.65 and Gm Breweries (GMBREW) 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 Gm Breweries (GMBREW) stock. Volume based technical analysis of Gm Breweries (GMBREW) stock is negative.

Gm Breweries Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

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