Greenply Industries Limited – Technical Analysis
Medium to Long Term Trend
Greenply Industries Limited is in a rising trend channel in the medium to long term. Rising trends indicate positive developments in the company and increasing buy interest among investors. Overall, the stock is technically positive for medium to long term investors.
Short Term Outlook
The stock has broken a support level in the short term, giving a negative signal for the short-term trading range. Currently, it is testing support at ₹300. A bounce from this level could give a positive reaction, while a downward breakthrough below ₹300 would indicate further weakness.
Volume & RSI Analysis
Volume tops and bottoms correspond well with price movements, strengthening the ongoing trend. However, the RSI curve shows a falling trend, which is an early warning signal of a possible downward reversal in price.
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