VikramDivekar

Grasim, Near to breakout to open fresh short position

Short
NSE:GRASIM   GRASIM INDUSTRIES
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If you look at the weekly chart, you will come to know that, Grasim is near to weekly and daily breakout.

Grasim has completed weekly head and should and about to breakout daily chart for symetrical triangle.

If Grasim close below 700 in spot the i am possitive about down trend. Grasim has retested neckline recently.

Fresh short entry ; on or below 700
Stop loss : 705
target :
  • 650 with in few weeks
  • ~400 with in 12 months

Regards,
Vikram
Trade closed: stop reached

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