Long Setup in Grasim Industries

raigvivek Updated   
An On Neck Chart Pattern Breakout happened on the Daily Time frame of GRASIM

Price Action is well supported by the volume.

The stock is currently in uptrend making higher highs and higher lows.

One can add this stock into their stocks to buy list.

Initiate the long trade only according to the levels mentioned.

Stop loss will be on a Daily closing basis.

Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Trade closed: stop reached:
Stop loss reached but on the weekly time frame the pattern is intact


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