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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 2024-06-12 View latest technical analysis

10 day averaged volume of Gm Breweries is 59001

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	631.40	641.00	647.25	627.00	0.926 times
11 Tue Jun 2024	641.40	644.60	646.30	637.00	0.843 times
10 Mon Jun 2024	637.65	641.75	649.90	634.10	1.251 times
07 Fri Jun 2024	631.20	622.00	635.40	619.70	0.916 times
06 Thu Jun 2024	617.15	605.00	622.00	604.75	0.637 times
05 Wed Jun 2024	600.85	602.00	613.90	580.00	1.396 times
04 Tue Jun 2024	592.15	631.95	631.95	584.00	1.632 times
03 Mon Jun 2024	624.45	629.00	634.00	618.05	1.338 times
31 Fri May 2024	617.05	623.00	628.10	615.05	0.541 times
30 Thu May 2024	623.15	631.70	633.05	620.00	0.385 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 602.3 as stoploss in an intra day buy trade for a target of 676.03. However, stock will show a bearish move below 602.3.

Share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Target	580.00
Downside Target	613.15
Upside Target	649.90
Upside Target	660.00
Upside Target	668.25
Upside Target	679.00
Upside Target	730.00
Upside Target	793.00
Upside Target	813.85
Upside Target	825.00

Intraday share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Intraday Target	622.3
Downside Intraday Target	613.2
Upside Intraday Target	645.2
Upside Intraday Target	659
Upside Intraday Target	636.1

Weekly technical analysis of Gm Breweries (GMBREW)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	631.40	641.75	649.90	627.00	0.51 times
07 Fri Jun 2024	631.20	629.00	635.40	580.00	1.251 times
31 Fri May 2024	617.05	679.00	679.00	615.05	0.344 times
24 Fri May 2024	673.15	806.00	813.85	649.00	2.332 times
18 Sat May 2024	790.10	742.00	793.00	730.00	1.364 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
12 Wed Jun 2024	631.40	629.00	649.90	580.00	0.29 times
31 Fri May 2024	617.05	782.05	813.85	615.05	0.298 times
30 Tue Apr 2024	782.05	650.00	825.00	645.00	8.919 times
28 Thu Mar 2024	634.00	615.60	668.25	580.05	1.358 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Gm Breweries ( (GMBREW) ) 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 Gm Breweries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Gm Breweries in short term and the sell signal is strong.

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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Gm Breweries in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 Gm Breweries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 619.24 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 falling down

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 has given negative 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.