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Long

GRASIM LONG IDEA

NSE:GRASIM   GRASIM INDUSTRIES
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. NSE:GRASIM
Trade active: Retracement done. Pullback signal in one hour timeframe confirmed.
Bought at 578.50.
Comment: 579 - - > 592
Still holding for at least 595 target.
Overnight position is risky in current market situation but let's see what happens on Monday.
Comment: 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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