NeeteshJain
Short

GRASIM - PIN BAR CANDLESTICK (POSITIONAL TRADE)

BSE:GRASIM   GRASIM INDUSTRIES LTD.
It is been observed on Weekly chart that the price action forms a bearish pin-bar candlestick pattern indicating rejection of higher price action and seller dominance over price action. Now, it shall further move down to next support levels.

Target 1: 800

Target 2: 750

Stoploss: 880
Trade active
Trade active
Trade active
Comment: Closing to Target 1
Trade active
Trade closed: target reached: Today, it made a low of 800, Target 1 reached successfully. Regards
Sir, the hammer formed one candle before? And fib drawn from feb22 low ,around 810 is 61.8 retracement. Will it be easy to break 61.8% as already formed around these levels.
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