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(GRASIM) Grasim Industries complete technical analysis [charts+indicators] | Buy/Sell Grasim Industries | (GRASIM) share price targets

Complete technical analysis of Grasim Industries (GRASIM) by charts plus indicators, forecast predictions and share price targets for Grasim Industries (GRASIM)

Grasim Industries trades in NSE in Textiles sector.

Showing technical analysis as on 2024-04-18 View latest technical analysis

10 day averaged volume of Grasim Industries is 480838

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2226.05	2245.05	2300.85	2219.45	2.053 times
16 Tue Apr 2024	2242.95	2229.00	2249.25	2221.10	1.161 times
15 Mon Apr 2024	2237.40	2239.00	2253.40	2224.80	0.863 times
12 Fri Apr 2024	2254.05	2297.00	2307.00	2249.30	1.322 times
10 Wed Apr 2024	2306.35	2309.95	2314.90	2291.55	1.068 times
09 Tue Apr 2024	2301.30	2296.95	2312.35	2281.95	0.807 times
08 Mon Apr 2024	2280.80	2247.00	2288.45	2235.00	0.579 times
05 Fri Apr 2024	2237.55	2275.05	2277.10	2233.50	0.946 times
04 Thu Apr 2024	2277.85	2309.50	2323.75	2249.50	1.695 times
03 Wed Apr 2024	2305.45	2303.60	2316.15	2288.05	0.631 times

Stock of Grasim Industries (GRASIM) has showed a significant fall. This could be a good time to exit from this stock.

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 2205.6 as stoploss in an intra day buy trade for a target of 2248.84. However, stock will show a bearish move below 2205.6.

Share price targets for Grasim Industries (GRASIM)

Target Type	Value
Downside Target	2008.00
Downside Target	2128.60
Upside Target	2234.00
Upside Target	2235.00
Upside Target	2244.00
Upside Target	2300.85
Upside Target	2309.20
Upside Target	2314.90
Upside Target	2323.75

Intraday share price targets for Grasim Industries (GRASIM)

Target Type	Value
Downside Intraday Target	2196.72
Downside Intraday Target	2167.38
Upside Intraday Target	2278.12
Upside Intraday Target	2330.18
Upside Intraday Target	2248.78

Weekly technical analysis of Grasim Industries (GRASIM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2226.05	2239.00	2300.85	2219.45	1.08 times
12 Fri Apr 2024	2254.05	2247.00	2314.90	2235.00	0.786 times
05 Fri Apr 2024	2237.55	2300.00	2323.75	2233.50	0.65 times
28 Thu Mar 2024	2287.30	2215.00	2309.20	2198.70	1.091 times
22 Fri Mar 2024	2223.55	2181.00	2234.00	2131.00	0.534 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 Grasim Industries (GRASIM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	2226.05	2300.00	2323.75	2219.45	0.385 times
28 Thu Mar 2024	2287.30	2209.00	2309.20	2128.60	0.665 times
29 Thu Feb 2024	2191.40	2175.00	2244.00	2027.50	1.532 times
31 Wed Jan 2024	2175.00	2145.00	2182.05	2016.55	1.166 times

Scroll below to view daily charts

Price has moved down 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 Grasim Industries (GRASIM)

Price action analysis of Grasim Industries ( (GRASIM) ) 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 Grasim Industries ( (GRASIM) ) 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 Grasim Industries ( (GRASIM) ) 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 Grasim Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Grasim Industries in short term but the sell signal is initial and weak.

Grasim Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Grasim Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Grasim Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2261.41 and Grasim Industries (GRASIM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Grasim Industries (GRASIM) stock. Volume based technical analysis of Grasim Industries (GRASIM) stock is negative.

Grasim Industries 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.