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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 2024-03-22 View latest technical analysis

10 day averaged volume of Gm Breweries is 32664

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	657.30	628.05	660.75	628.05	2.691 times
21 Thu Mar 2024	632.15	632.90	639.00	628.00	0.843 times
20 Wed Mar 2024	631.00	630.60	638.90	629.05	0.921 times
19 Tue Mar 2024	632.35	626.00	638.00	626.00	1.257 times
18 Mon Mar 2024	625.70	596.00	640.00	591.75	2.29 times
15 Fri Mar 2024	590.50	598.85	598.85	588.10	0.76 times
14 Thu Mar 2024	592.25	584.20	598.75	580.05	0.483 times
13 Wed Mar 2024	584.20	610.85	614.15	580.55	1.655 times
12 Tue Mar 2024	610.85	612.20	620.15	607.00	0.567 times
11 Mon Mar 2024	616.40	625.00	625.00	615.00	0.626 times

Stock of Gm Breweries (GMBREW) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 654.5, for a target of 635.4 or 619.41

Share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Target	580.05
Downside Target	591.75
Downside Target	612.00
Downside Target	652.00
Upside Target	660.00
Upside Target	660.75
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	612.45
Downside Intraday Target	567.6
Upside Intraday Target	681.45
Upside Intraday Target	705.6
Downside Intraday Target	636.6

Weekly technical analysis of Gm Breweries (GMBREW)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	657.30	596.00	660.75	591.75	1.956 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Gm Breweries (GMBREW)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	657.30	615.60	660.75	580.05	1.03 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 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 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 Strong 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 moving up

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 positive zone. This is a BUY 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 623.87 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 positive

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