GRASIM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Grasim Industries Ltd (GRASIM)

📈 Trend Analysis

Current Price (₹2,881) is above both 50-DMA (₹2,784) and 200-DMA (₹2,668) — confirming a bullish trend.

52-week Index at 97.2% shows the stock is trading near its yearly high (₹2,898), indicating strong momentum.

Trend Status: Trending upward, with potential for breakout continuation.

🔍 Momentum Indicators

RSI (65.4): In the bullish zone, approaching overbought territory — signals strength but caution for short-term exhaustion.

MACD (17.9): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 5.22L, slightly above 1-week average (4.78L) — indicates healthy participation, supporting the uptrend.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹2,784 (50-DMA)

₹2,668 (200-DMA)

₹2,600 (recent swing low)

Resistance Levels

₹2,898 (52-week high)

₹2,950–₹3,000 (psychological breakout zone)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,780–2,800 Near 50-DMA and support zone

Exit (Short-Term) 2,950–3,000 Resistance zone, potential reversal

Stop Loss 2,668 Below 200-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹2,780–₹2,800 with target ₹2,950–₹3,000. Monitor RSI for signs of exhaustion and MACD slope for continuation.

Would you like to compare this setup with other large-cap industrials or explore high-PE momentum plays?

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