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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 2024-02-21 View latest technical analysis

10 day averaged volume of Grasim Industries is 1113770

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2194.00	2200.00	2222.00	2180.05	0.687 times
20 Tue Feb 2024	2192.25	2169.00	2222.00	2161.10	1.536 times
19 Mon Feb 2024	2168.60	2107.45	2190.00	2102.20	1.048 times
16 Fri Feb 2024	2105.65	2091.40	2119.00	2086.85	0.363 times
15 Thu Feb 2024	2084.80	2085.70	2103.65	2072.80	0.454 times
14 Wed Feb 2024	2079.80	2054.00	2085.00	2027.50	0.543 times
13 Tue Feb 2024	2064.15	2173.90	2173.90	2053.95	0.885 times
12 Mon Feb 2024	2147.35	2175.00	2199.00	2138.10	1.104 times
09 Fri Feb 2024	2168.50	2057.25	2182.00	2046.90	1.805 times
08 Thu Feb 2024	2057.30	2123.00	2125.00	2048.00	1.245 times

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 2213.5, for a target of 2161.2 or 2117.56

Share price targets for Grasim Industries (GRASIM)

Target Type	Value
Downside Target	1828.05
Downside Target	2008.00
Downside Target	2099.90
Downside Target	2102.20
Downside Target	2148.25
Downside Target	2182.00
Downside Target	2182.05
Upside Target	2199.00
Upside Target	2222.00

Intraday share price targets for Grasim Industries (GRASIM)

Target Type	Value
Downside Intraday Target	2123.47
Downside Intraday Target	2052.93
Upside Intraday Target	2243.27
Upside Intraday Target	2292.53
Downside Intraday Target	2172.73

Weekly technical analysis of Grasim Industries (GRASIM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2194.00	2107.45	2222.00	2102.20	0.977 times
16 Fri Feb 2024	2105.65	2175.00	2199.00	2027.50	0.615 times
09 Fri Feb 2024	2168.50	2130.10	2182.00	2046.90	1.718 times
02 Fri Feb 2024	2139.45	2080.00	2182.05	2077.75	1.648 times
25 Thu Jan 2024	2076.50	2095.00	2099.90	2016.55	0.785 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 Grasim Industries (GRASIM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2194.00	2175.00	2222.00	2027.50	0.929 times
31 Wed Jan 2024	2175.00	2145.00	2182.05	2016.55	1.166 times
29 Fri Dec 2023	2134.80	2019.95	2148.25	2008.00	1.319 times
30 Thu Nov 2023	2005.45	1894.00	2031.00	1861.40	0.729 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 Grasim Industries (GRASIM)

Price action analysis of Grasim Industries ( (GRASIM) ) 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 Grasim Industries ( (GRASIM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Grasim Industries ( (GRASIM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong and stock is losing momentum.

MACD generated a BUY signal for Grasim Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Grasim Industries 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Grasim Industries in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Grasim 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 2136.54 and Grasim Industries (GRASIM) 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 Grasim Industries (GRASIM) stock. Volume based technical analysis of Grasim Industries (GRASIM) stock is negative.

Grasim Industries 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.