GRASIM LONG IDEA
Updated
Grasim broke out of its triangle pattern today and opened gap up.
As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR.
Trade will be initiated when pullback occurs.
GRASIM
As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR.
Trade will be initiated when pullback occurs.
GRASIMTrade active
Retracement done. Pullback signal in one hour timeframe confirmed.Bought at 578.50.
Note
579 - - > 592Still holding for at least 595 target.
Overnight position is risky in current market situation but let's see what happens on Monday.
Note
Exited at target 1: 592 and target 2 : 595+Made high of 599. Actual target should have been near 599 as it was a resistance area but booked early and missed almost 1% of upmove.
Anyway, 3.3% is pretty good for a one day holding trade.
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