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

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

Greenlam Industries trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Greenlam Industries is 83167

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	512.35	528.70	530.00	508.10	0.701 times
06 Wed Mar 2024	527.70	544.00	548.45	520.05	0.812 times
05 Tue Mar 2024	541.50	521.25	546.00	521.25	0.631 times
04 Mon Mar 2024	526.50	539.60	543.55	525.00	0.242 times
02 Sat Mar 2024	539.60	544.95	544.95	525.20	0.033 times
01 Fri Mar 2024	538.90	540.95	546.45	532.65	0.432 times
29 Thu Feb 2024	540.20	525.80	547.00	517.05	1.305 times
28 Wed Feb 2024	526.35	539.75	539.75	522.00	1.263 times
27 Tue Feb 2024	533.05	544.00	547.75	531.25	1.217 times
26 Mon Feb 2024	539.50	542.00	556.60	533.00	1.135 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 509, for a target of 521.1 or 531.07

Share price targets for Greenlam Industries (GREENLAM)

Target Type	Value
Downside Target	475.80
Downside Target	507.00
Upside Target	530.00
Upside Target	544.00
Upside Target	548.45
Upside Target	552.00
Upside Target	556.60
Upside Target	564.95
Upside Target	571.50
Upside Target	600.00
Upside Target	625.55

Intraday share price targets for Greenlam Industries (GREENLAM)

Target Type	Value
Downside Intraday Target	497.48
Downside Intraday Target	482.62
Upside Intraday Target	537.83
Upside Intraday Target	563.32
Upside Intraday Target	522.97

Weekly technical analysis of Greenlam Industries (GREENLAM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	512.35	539.60	548.45	508.10	0.443 times
02 Sat Mar 2024	539.60	542.00	556.60	517.05	0.938 times
23 Fri Feb 2024	539.75	535.50	564.95	515.40	1.588 times
16 Fri Feb 2024	532.80	542.90	544.00	508.05	0.807 times
09 Fri Feb 2024	543.50	516.00	552.00	507.00	1.503 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 Greenlam Industries (GREENLAM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	512.35	540.95	548.45	508.10	0.141 times
29 Thu Feb 2024	540.20	548.70	564.95	507.00	1.997 times
31 Wed Jan 2024	538.15	547.00	571.50	507.95	0.635 times
29 Fri Dec 2023	533.60	582.25	600.00	530.00	0.189 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 Greenlam Industries (GREENLAM)

Price action analysis of Greenlam Industries ( (GREENLAM) ) 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 Greenlam Industries ( (GREENLAM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Greenlam Industries ( (GREENLAM) ) based on a short to mid 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 Greenlam Industries ( (GREENLAM) ) 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 Greenlam Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Greenlam Industries in short term and the sell signal is strong.

Greenlam 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Greenlam Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 Greenlam Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 532.51 and Greenlam Industries (GREENLAM) 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 Greenlam Industries (GREENLAM) stock. Volume based technical analysis of Greenlam Industries (GREENLAM) stock is negative.

Greenlam 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.