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Stock analysis Greenlam Industries Limited GREENLAM

More indepth analysis on MunafaSutra.com

Moving Averages for Greenlam Industries Limited

  • 5Day Average: 386.26
  • 12Day Average: 359.45
  • 20Day Average: 340.59
  • 50Day Average: 316.33
  • 100Day Average: 314.36
  • 150Day Average: 318.01
  • 200Day Average: 319.79

GREENLAM Indicators & signals

Indicator MACD (12,26,9)

366.33, 342.99, 15.84
Indicator MACD is in positive zone

Indicator ADX (14)

81.38, 41.19, 4.23
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 66
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
08 Thu Jun 2023 402.05 397.00 to 424.05 -1.95% 0.85 times
07 Wed Jun 2023 410.05 373.00 to 419.85 8.78% 1.79 times
06 Tue Jun 2023 376.95 363.75 to 378.90 0.24% 0.45 times
05 Mon Jun 2023 376.05 361.10 to 377.40 2.69% 0.36 times
02 Fri Jun 2023 366.20 360.80 to 371.15 1.47% 0.33 times
01 Thu Jun 2023 360.90 357.00 to 374.85 -3.73% 0.32 times
31 Wed May 2023 374.90 358.00 to 377.40 3.65% 0.71 times
30 Tue May 2023 361.70 356.00 to 368.80 1.73% 0.91 times
29 Mon May 2023 355.55 346.00 to 376.25 13.39% 4.95 times
26 Fri May 2023 313.55 308.05 to 317.20 1.75% 0.14 times
25 Thu May 2023 308.15 304.65 to 312.00 0.28% 0.05 times
24 Wed May 2023 307.30 306.00 to 315.00 -0.42% 0.12 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 384.8, but if it comes below 384.8, then a intra day sell could be more profitable.
If you take a sell trade below 384.8, then use 384.8 as stoploss and 350.58 as target. However if you take a buy trade in Greenlam Industries Limited, then use 384.8 as stoploss and 426 as target.

More indepth analysis on MunafaSutra.com