dravya

GRASIM - BREAKOUT

Long
NSE:GRASIM   GRASIM INDUSTRIES
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8
The stock has given a breakout from daily resistance today with a good candle.

Keep in watchlist for going long.
Comment: 23 Mar : Staying above the line. Longs can be initiated above 1097 , the previous high with tight SL. If it isnt a legit breakout, we don't hope , we get out with minimal loss. Sometimes breakouts are choppy, so better get chopped just by a few points and move on to other opportunities.
Comment: Made a high of just above 1097, 1098 and then reversed. Thereby failing Long opportunities. Praveen Sir has posted a nice chart for going short. You can look at that in related ideas.
Comment: Candle high below blue line. Weak.

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