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Stock analysis Grindwell Norton Limited GRINDWELL

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Moving Averages for Grindwell Norton Limited

  • 5Day Average: 2566.07
  • 12Day Average: 2615.1
  • 20Day Average: 2714.98
  • 50Day Average: 2629.66
  • 100Day Average: 2345.22
  • 150Day Average: 2315.16
  • 200Day Average: 2269.32

GRINDWELL Indicators & signals

Indicator MACD (12,26,9)

2621.47, 2650.34, -1.35
Indicator MACD is in negative zone

Indicator ADX (14)

8.4, 14.53, 17.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
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
26 Fri Jul 2024 2590.85 2520.00 to 2608.00 1.63% 0.38 times
25 Thu Jul 2024 2549.20 2527.80 to 2600.00 -1.67% 0.56 times
24 Wed Jul 2024 2592.50 2528.05 to 2620.50 1.71% 0.33 times
23 Tue Jul 2024 2548.90 2505.00 to 2609.15 0% 0.31 times
23 Tue Jul 2024 2548.90 2505.00 to 2609.15 -0.08% 0.31 times
22 Mon Jul 2024 2550.85 2522.65 to 2584.95 -1.97% 1.74 times
19 Fri Jul 2024 2602.10 2563.00 to 2659.80 -1.8% 1.19 times
18 Thu Jul 2024 2649.85 2620.10 to 2722.00 -0.92% 1.66 times
16 Tue Jul 2024 2674.55 2650.05 to 2723.40 0.39% 2.2 times
15 Mon Jul 2024 2664.10 2653.35 to 2693.95 -0.61% 0.58 times
12 Fri Jul 2024 2680.50 2670.00 to 2747.95 -1.77% 1.12 times
11 Thu Jul 2024 2728.85 2712.50 to 2824.40 -2.09% 0.16 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, and stock might move down till 2514.6 or till 2353.3. Use a stoploss of 2649.13 and if the stock hits stoploss, then it can shoot up till 2783.61

More indepth analysis on MunafaSutra.com