GRASIM - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for GRASIM Industries Ltd.
Technical Rating: 3.5
📉 Trend Overview
Current Price: ₹2,743 is slightly above the 50 DMA (₹2,727) and well above the 200 DMA (₹2,615), indicating a mild uptrend.
RSI (49.3): Neutral zone, suggesting no strong momentum—neither overbought nor oversold.
MACD (-5.44): Negative, indicating bearish crossover, but flattening out—possible reversal brewing.
Volume: Current volume (7.7L) is above average (6.5L), showing renewed interest and potential accumulation.
📈 Chart Patterns & Indicators
Moving Averages
Price above both 50 & 200 DMA → bullish bias
No crossover signals currently
Bollinger Bands
Price near middle band (~₹2,743), upper band near ₹2,898, lower band near ₹2,276 → range-bound movement
Support Levels
Strong support near ₹2,615 (200 DMA)
Next support: ₹2,580–₹2,600 (previous swing low)
Resistance Levels
Immediate resistance: ₹2,770–₹2,790 (recent highs)
Major resistance: ₹2,898 (52-week high)
🚦 Momentum Signals
Short-Term: Neutral momentum with potential for breakout if MACD flattens and RSI rises above 55
Medium-Term: Bullish bias intact unless price falls below ₹2,615
Volume Trend
Recent volume spike → positive sentiment
Delivery % in the 60–65% range → institutional interest
🎯 Entry & Exit Zones
Action Price Zone (₹) Rationale
Entry (Aggressive) 2,715–2,730 Near 50 DMA, volume support
Entry (Conservative) Above 2,770 Breakout confirmation
Exit (Short-Term) 2,770–2,790 Resistance zone
Exit (Medium-Term) 2,880–2,898 52-week high zone
🔄 Market Phase
Status: Trending with mild bullish momentum
Bias: Bullish-to-neutral; watch for MACD reversal and RSI breakout above 55
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