Grasim stock analysis 2014

Grasim stock analysis, price, daily charts, weekly chart, performance, forecast, predictions, outlook, trading tips for year 2014.

Grasim stock daily chart analysis

Grasim stock on last trading session closed at 2523 with loss. On daily chart, stock price trend is down but momentum is on recovery side. For month of March, Grasim stock below 2570 may remain bearish. Any daily closing above it means bullish breakout with trend change.

On upside 2570 and then 2700 are strong resistances on chart for this series. On downside, 2440 and 2310 are strong support. Share Prices after taking support at 2440 heading for bullish breakout. Daily chart indicators pattern are bullish and signaling bullish breakout ahead.

Grasim stock weekly chart analysis

Grasim stock on weekly chart is showing losses in this week. Weekly chart price trend is bullish and prices are at major support of 2500. On weekly closing basis above 2500 zone swing traders and investor, keep long view for this stock. On upside 3030 and 3500 are strong medium term resistances as well as targets for next 8-12 months timeframe.

Below 2500, next major support will be at 2015. Weekly chart, indicators pattern though still bearish but as prices are above major average so keep long view but with strict stop loss.

Grasim stock monthly chart analysis

Grasim stock is in last 6 months has given 16% return to investors, and is market performing stock. Stock from fundamental view is the best one, stock is trading with PE of 10. From long-term view, we will see bull market above 2650 on monthly closing basis. On upside 3800 and then 4700 are 3 to 5 years timeframe targets for this stock. 1500-1700 was value buy zone, which was seen, in late 2008 crash. On long-term chart, stock has strong price patterns and has much more potential if market conditions supports.

Grasim company description

Grasim Industries Limited is a company of Aditya Birla Group. The Company is engaged primarily in two businesses: Viscose Staple Fibre (VSF) and in cement. It also produces caustic soda and allied chemicals and rayon grade pulp, which are used in the manufacture of VSF. The manufacturing plants of the Company are located in India, Middle East, Sri Lanka, Canada, Bangladesh and China. It operates in three segments: fibre and pulp, chemicals and others. Fibre and Pulp segment includes viscose staple fibre and rayon grade pulp. Chemicals segment includes caustic soda and allied chemicals. Others include mainly textiles. Cement segment includes grey cement, ready-mix concrete and white cement. Textile segment includes yarn.

Grasim stock fundamental ratios

Range2,522.60 – 2,584.80
52 week2,105.65 – 3,160.00
Open2,529.25
Vol.87,822.00
Mkt cap236.82B
P/E10.71
Div/yield22.50/0.87
EPS240.70
Shares91.82M
Beta
Inst. own

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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