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Stock analysis Greenlam Industries Limited GREENLAM

More indepth analysis on MunafaSutra.com

Moving Averages for Greenlam Industries Limited

  • 5Day Average: 588.71
  • 12Day Average: 573.54
  • 20Day Average: 559.97
  • 50Day Average: 530.32
  • 100Day Average: 537.02
  • 150Day Average: 517.79
  • 200Day Average: 503.04

GREENLAM Indicators & signals

Indicator MACD (12,26,9)

573.2, 553.77, 16.34
Indicator MACD is in positive zone

Indicator ADX (14)

41.77, 29.89, 12.27
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
25 Thu Apr 2024 592.30 585.15 to 597.60 -0.35% 0.68 times
24 Wed Apr 2024 594.40 583.95 to 604.55 1.55% 0.82 times
23 Tue Apr 2024 585.30 581.30 to 600.80 -2% 0.84 times
22 Mon Apr 2024 597.25 574.35 to 605.70 4% 3.47 times
19 Fri Apr 2024 574.30 551.55 to 594.75 3.33% 0.98 times
18 Thu Apr 2024 555.80 550.35 to 564.80 -0.86% 0.42 times
16 Tue Apr 2024 560.60 544.90 to 566.70 1.95% 0.48 times
15 Mon Apr 2024 549.90 536.20 to 552.00 -0.77% 0.63 times
12 Fri Apr 2024 554.15 545.00 to 571.40 -1.58% 0.81 times
10 Wed Apr 2024 563.05 560.00 to 575.80 -0.73% 0.58 times
09 Tue Apr 2024 567.20 561.05 to 587.80 -3.57% 0.97 times
08 Mon Apr 2024 588.20 577.95 to 598.95 1.76% 1.64 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!

My analysis of Greenlam Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Greenlam Industries Limited stays above 589.8, but if it comes below 589.8, then a intra day sell could be more profitable.
If you take a sell trade below 589.8, then use 589.8 as stoploss and 560.51 as target. However if you take a buy trade in Greenlam Industries Limited, then use 589.8 as stoploss and 625 as target.

More indepth analysis on MunafaSutra.com