G R Infraprojects Limited (GRINFRA) Stock - Complete Technical Analysis - Sep 19, 2024

G R Infraprojects Stock Analysis: Key Support/Resistance & Technical Trends September 2024

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. G R Infraprojects Limited (GRINFRA) is currently trading at 1624, which is 12.69% below its 52-week high of 1860 and 58.44% above its 52-week low of 1025.

The technical indicators suggest a balanced outlook for GRINFRA. The RSI is near the neutral zone, indicating a stable trend without strong overbought or oversold conditions. The Stochastic %K and Stochastic RSI are in the upper range, signaling strong bullish momentum. The MACD is positive, suggesting that the current trend is upwards, and the Commodity Channel Index also supports this positive trend.

However, the ADX is relatively low, indicating that the current trend may not be very strong, and the Average True Range (ATR) reflects moderate volatility.

Support levels for GRINFRA are observed around 1550 and 1500, while resistance levels are seen at 1700 and 1800. Traders should watch these levels closely for potential breakout or reversal signals.