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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 2024-06-19 View latest technical analysis

10 day averaged volume of Gm Breweries is 56515

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	630.15	632.00	634.25	618.05	0.829 times
18 Tue Jun 2024	629.10	636.45	639.80	628.00	0.749 times
14 Fri Jun 2024	634.35	640.00	644.00	633.05	0.694 times
13 Thu Jun 2024	635.85	637.00	639.95	632.00	0.622 times
12 Wed Jun 2024	631.40	641.00	647.25	627.00	0.967 times
11 Tue Jun 2024	641.40	644.60	646.30	637.00	0.88 times
10 Mon Jun 2024	637.65	641.75	649.90	634.10	1.306 times
07 Fri Jun 2024	631.20	622.00	635.40	619.70	0.956 times
06 Thu Jun 2024	617.15	605.00	622.00	604.75	0.665 times
05 Wed Jun 2024	600.85	602.00	613.90	580.00	1.457 times

My analysis of stock is bearish for shortterm, and stock might move down till 594.8 or till 533.1. Use a stoploss of 646.2 and if the stock hits stoploss, then it can shoot up till 697.6

Share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Target	580.00
Downside Target	613.15
Upside Target	649.00
Upside Target	649.90
Upside Target	660.00
Upside Target	668.25
Upside Target	679.00
Upside Target	813.85
Upside Target	825.00

Intraday share price targets for Gm Breweries (GMBREW)

Target Type	Value
Downside Intraday Target	618.87
Downside Intraday Target	607.58
Upside Intraday Target	640.62
Upside Intraday Target	651.08
Downside Intraday Target	629.33

Weekly technical analysis of Gm Breweries (GMBREW)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	630.15	636.45	639.80	618.05	0.353 times
14 Fri Jun 2024	634.35	641.75	649.90	627.00	0.723 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

Price has moved down 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
19 Wed Jun 2024	630.15	629.00	649.90	580.00	0.38 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gm Breweries ( (GMBREW) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Gm Breweries ( (GMBREW) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Gm Breweries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 627.55 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.