Grasim Industries Limited shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has broken the resistance at 1798 of a rectangle pattern, which signals a further rise. The stock is testing resistance at rupee 1820.
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This could give a negative
reaction, but an upward breakthrough of
rupee 1820 means a positive signal.
Positive volume balance shows that
volume is higher on days with rising prices
than days with falling prices. This indicates
increasing optimism among investors. The
RSI curve shows a rising trend, which
supports the positive trend. The stock is
overall assessed as technically positive for
the medium long term.
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