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Stock analysis Greenlam Industries Limited GREENLAM

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Moving Averages for Greenlam Industries Limited

  • 5Day Average: 559.39
  • 12Day Average: 534.51
  • 20Day Average: 541.45
  • 50Day Average: 526.31
  • 100Day Average: 545.73
  • 150Day Average: 560.73
  • 200Day Average: 554.86

GREENLAM Indicators & signals

Indicator MACD (12,26,9)

546.43, 538.08, 3.25
Indicator MACD is in positive zone

Indicator ADX (14)

44.18, 27.91, 10.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GREENLAM Greenlam Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Mon Dec 2024 583.05 571.35 to 592.00 2.05% 2.74 times
29 Fri Nov 2024 571.35 543.35 to 585.15 5.21% 1.83 times
28 Thu Nov 2024 543.05 538.55 to 554.00 0.03% 0.58 times
27 Wed Nov 2024 542.90 540.35 to 556.00 -2.46% 0.35 times
26 Tue Nov 2024 556.60 534.50 to 560.35 3.13% 0.83 times
25 Mon Nov 2024 539.70 508.05 to 559.70 6.51% 3.7 times
22 Fri Nov 2024 506.70 504.05 to 518.95 -0.91% 0.38 times
21 Thu Nov 2024 511.35 503.00 to 521.70 0.01% 0.66 times
19 Tue Nov 2024 511.30 509.00 to 525.75 -0.05% 0.78 times
18 Mon Nov 2024 511.55 510.05 to 524.40 -1.09% 0.59 times
14 Thu Nov 2024 517.20 513.55 to 535.15 -0.41% 0.31 times
13 Wed Nov 2024 519.35 512.55 to 545.15 -4.73% 0.91 times

Technical analysis forecast of Greenlam Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Greenlam Industries Limited GREENLAM at this time. Stock is rising and might rise more.

It appears as if Greenlam Industries Limited GREENLAM gave a large move recently.

Stock of Greenlam Industries Limited (GREENLAM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Greenlam Industries Limited 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 588.6, for a target of 562.3 or 540.46

More indepth analysis on MunafaSutra.com