GM Breweries share price Today Live Updates : GM Breweries slumps in trading today

As per the Technical Analysis, short term trend of GM Breweries share is Bearish and long term trend is Bullish

The current market price of GM Breweries has broken the first support of ₹760.5 & second support of ₹755.7 indicating a strong bearish move but traders need to monitor for possible reversals from ₹747.25. If the stock price breaks the final support of ₹747.25 then it indicates a significant selling pressure and prices can erode further.

The trading volume of GM Breweries by 11 AM has increased by 55.81% compared to yesterday, while the price is currently at ₹749.65, showing a decrease of -2.31%. Analyzing both volume and price is crucial for trend analysis. A rise in price accompanied by higher volume indicates a sustainable upward trend, while a drop in price with increased volume could signal further price declines.

GM Breweries reached a peak of 747.05 and a low of 745.0 in the previous trading hour. At the same hour, the stock price fell below important hourly resistances at 745.72 and 744.43, suggesting a notable amount of selling activity. Traders who are currently holding long positions may consider selling, while potential new investors could assess the possibility of a reversal if the stock is excessively sold off on an hourly basis.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

GM Breweries share price is at ₹745.95 and you have crossed the key daily support price level of ₹747.25. This indicates that stock is experiencing significant selling pressure and the price can decline further.

Today, GM Breweries’ stock price dropped by 2.8% to reach ₹745.9, while its industry peers are experiencing a mixed trading day. Som Distilleries & Breweries and Associated Alcohols Breweries are declining, while Globus Spirits and Jagatjit Industries are seeing gains. Overall, the benchmark indices Nifty and Sensex are down by 0.66% and 0.7%, respectively.

The volume of GM Breweries traded until 10 AM is 59.59% higher than yesterday, while the price is currently at ₹745.2, down by -2.89%. Volume traded, in conjunction with price, is a key indicator for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upward trend, whereas a negative price movement with increased volume could signal further price declines.

GM Breweries touched a high of 750.85 & a low of 747.0 in the previous trading hour.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Today, GM Breweries saw a decrease of -2.42% in its share price, trading at ₹748.85, while its industry peers are experiencing mixed results. Som Distilleries & Breweries and Associated Alcohols Breweries are declining, while Globus Spirits and Jagatjit Industries are showing an upward trend. Overall, the benchmark indices Nifty and Sensex are down by -0.29% and -0.36%, respectively.

The current market price of GM Breweries has broken the first support of ₹760.5 & second support of ₹755.7 indicating a strong bearish move but traders need to monitor for possible reversals from ₹747.25. If the stock price breaks the final support of ₹747.25 then it indicates a significant selling pressure and prices can erode further.

GM Breweries’ stock price has decreased by -1.75% to ₹754.00 today. Over the past year, GM Breweries’ shares have increased by 34.69% to ₹754.00. In contrast, Nifty has risen by 22.11% to 22,302.50 during the same one-year period.

The key support and resistance levels for GM Breweries on the daily timeframe are given below. Please note these support and resistance levels are derived from the classic pivot table.

The trading volume yesterday was 57.96% lower than the 20 day average. Yesterday’s NSE volume was 47 k & BSE volume was 3 k.

The stock traded in the range of ₹777.4 & ₹764.15 yesterday to end at ₹766.15. The stock is showing initial signs of a trend reversal after a robust uptrend