Grasim Industries - 29th Jan

Today's Opening - 3,351

Today's High - 3,444

Today's Low - 3,351

Today's Closing - 3,394

Lowest closing since 29th June with good volumes over the past four days.

The 10-day Rate Of Change has been negative since 4th Jan.

The 14-day Negative Directional Index has been stronger than the Positive Directional Index since 4th Jan.

The 20-day Commodity Channel Index has remained negative since 4th Jan.

The closing has been below the 5-day Exponential Moving Average level since 4th Jan.


The 2-day Relative Strength Index has remained below 50% since 4th Jan.


The 12, 26-day Moving Average Convergence Divergence has remained negative since 6th Jan.

This is the first time that I am writing on this stock. Having lost 14% over the past one year, the stock has support at 3,301. The stock might not test 3,301. Accumulate the stock to add resilence to your equity portfolio.

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