Gruh finance prices have been building for quite some time now. Recently it touched 505 before falling back to 489. Historically it's support levels have been near the 20 day moving average. The build-up is seen ahead of its results on 15 july. I expect the price to fall from this point. Bollinger bands indicate increased volatility, which must ultimately give way to lower volatility.
I expect the price to fall to 465-470 range in the coming days. Perhaps the street in its enthusiasm has driven the price too high.
I expect the price to fall to 465-470 range in the coming days. Perhaps the street in its enthusiasm has driven the price too high.