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Technicals for Grasim Industries Limited
By MusingTheNews
2025-07-16 20:35
Overall Technical outlook
Price Summary
Grasim Industries Limited's stock started trading at 2784.0 on 2025-07-16, climbed to 2784.0, fell to 2758.0, and closed -0.78% lower at 2762.4, with 372767 shares traded. The stock's highest price in the past 52 weeks is 2883.3, while its lowest price during the same period is 2288.15. Analysts' predictions indicate that GRASIM's future price will be between 2698.0 and 3500.0, with a mean price expectation of approximately 3118.0908.
Technicals
Support and Resistance: The current price sits at 2762.4, supported at 2756.9 and capped by resistance at 2861.1. These levels define a range for GRASIM where the price might stabilize, with 2756.9 as a floor and 2861.1 as a ceiling. Support/Resistance for GRASIM
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Grasim Industries Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Grasim Industries Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for GRASIM. Parabolic Stop and Reverse chart for Grasim Industries Limited
Stochastic: With the Stochastic K-line below the D-line and under 20, the market shows a mildly bearish trend. This setup suggests possible downward movement, though the bearish sentiment is relatively mild. Traders should keep this in mind and watch for further developments. Stochastic chart for Grasim Industries Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, suggesting a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that the bearish momentum may be losing strength. This weakening could signal a potential shift towards bullish price action, as the market's current downward trajectory shows signs of faltering and a possible reversal may be near for GRASIM. Tripple SMA chart for Grasim Industries Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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