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Stock analysis Greenlam Industries Limited GREENLAM

More indepth analysis on MunafaSutra.com

Moving Averages for Greenlam Industries Limited

  • 5Day Average: 563.01
  • 12Day Average: 573.05
  • 20Day Average: 570.51
  • 50Day Average: 561.07
  • 100Day Average: 546.79
  • 150Day Average: 559.61
  • 200Day Average: 564.59

GREENLAM Indicators & signals

Indicator MACD (12,26,9)

569.26, 568.6, 3.73
Indicator MACD is in positive zone

Indicator ADX (14)

2.37, 18.07, 18.95
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

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
10 Fri Jan 2025 557.60 542.25 to 573.10 0.05% 0.3 times
09 Thu Jan 2025 557.30 550.35 to 574.35 -1.11% 0.34 times
08 Wed Jan 2025 563.55 556.35 to 573.80 -1.27% 0.14 times
07 Tue Jan 2025 570.80 557.00 to 577.20 0.88% 0.17 times
06 Mon Jan 2025 565.80 560.20 to 588.80 -3.94% 0.48 times
03 Fri Jan 2025 589.00 576.25 to 601.00 -0.69% 0.37 times
02 Thu Jan 2025 593.10 582.40 to 601.00 -0.54% 0.24 times
01 Wed Jan 2025 596.35 561.20 to 601.00 2.49% 0.46 times
31 Tue Dec 2024 581.85 576.40 to 603.10 -3.52% 0.89 times
30 Mon Dec 2024 603.10 549.80 to 624.00 8.06% 6.66 times
27 Fri Dec 2024 558.10 536.60 to 563.40 3.35% 0.26 times
26 Thu Dec 2024 540.00 536.35 to 546.05 -0.73% 0.12 times

Technical analysis forecast for Greenlam Industries 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 Greenlam Industries Limited GREENLAM at this time. Stock is falling and might fall more.

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

Stock of Greenlam Industries Limited (GREENLAM) 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 Greenlam Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 551.8 as stoploss in an intra day buy trade for a target of 569.72. However, stock will show a bearish move below 551.8.

More indepth analysis on MunafaSutra.com