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Stock analysis Grindwell Norton Limited GRINDWELL

More indepth analysis on MunafaSutra.com

Moving Averages for Grindwell Norton Limited

  • 5Day Average: 2074.85
  • 12Day Average: 2138.42
  • 20Day Average: 2181.05
  • 50Day Average: 2215.54
  • 100Day Average: 2155.7
  • 150Day Average: 2054.84
  • 200Day Average: 2025.02

GRINDWELL Indicators & signals

Indicator MACD (12,26,9)

2125.5, 2171.76, -29.36
Indicator MACD is in negative zone

Indicator ADX (14)

6.51, 23.5, 20.63
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GRINDWELL Grindwell Norton Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Sep 2023 2054.70 2040.05 to 2081.95 -0.79% 0.33 times
20 Wed Sep 2023 2071.05 2051.00 to 2095.75 0.21% 0.74 times
18 Mon Sep 2023 2066.65 2021.00 to 2314.40 0.02% 1.49 times
15 Fri Sep 2023 2066.20 2050.00 to 2139.95 -2.34% 1.85 times
14 Thu Sep 2023 2115.65 2087.15 to 2125.85 0.84% 0.42 times
13 Wed Sep 2023 2098.05 2068.10 to 2164.70 -2.6% 1.1 times
12 Tue Sep 2023 2154.05 2139.00 to 2236.95 -2.58% 0.53 times
11 Mon Sep 2023 2211.20 2201.80 to 2238.95 -0.5% 0.84 times
08 Fri Sep 2023 2222.30 2185.00 to 2230.00 1.75% 1.22 times
07 Thu Sep 2023 2184.15 2176.00 to 2205.00 -0.47% 0.87 times
06 Wed Sep 2023 2194.45 2190.15 to 2242.45 -1.26% 0.93 times
05 Tue Sep 2023 2222.55 2218.05 to 2260.90 -0.83% 0.52 times

Technical analysis forecast for Grindwell Norton Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Grindwell Norton Limited GRINDWELL at this time. Stock is falling and might fall more.

It appears as if Grindwell Norton Limited GRINDWELL gave a large move recently.

Stock of Grindwell Norton Limited (GRINDWELL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Grindwell Norton Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Grindwell Norton Limited stays below 2084.5, but if it comes above 2084.5, then a intra day buy could be more profitable.
If you take a sell trade below 2084.5, then use 2084.5 as stoploss and 1996.6 as target. However if you take a buy trade in Grindwell Norton Limited, then use 2084.5 as stoploss and 2157.68 as target.

More indepth analysis on MunafaSutra.com