GRASIM trading in a channel

Stock is currently trading in a proper channel
where the lower T/L has been touched 4 times and rebounded
showing strong support
The upper T/L has been touched 2 times and the market has rebounded
But most importantly RSI has spiked up
stock ended up closing above the previous day closing
There might be a slight pressure around 1190-95 zones because it has failed twice to cross its 50 day moving average
TRADE VIEW
BUY @ 1170-80 zones
STOP @1164.75 (1166 is a strong support zone)
TARGET 1 @ 1190-95 (short-term)/(day trade)
TARGET 2 @ 1215 (swing trade)/(wait for close above 50-dma)-IMP*****

Comment:

REDUCE YOUR STOP TILL 1160

Trade closed: target reached:

stock reached our target besides bad news on cement sector
As mentioned it bounced back after touching 50-dma

Comment:

Once again one can execute fresh longs with a stop @ 1160 wait for the price to close beyond 1193-95 if does then Target can be 1210

Trade active:

Already second trade giving returns watchout today it may close above 1192 if does hold your position !!enjoy!!

Trade active:

Hold on to grasim

Trade active:

HAPPY MONEY MAKING TIME IN CEMENT SECTOR MUST IMPORTANTLY GOOD INVESTORS BUY ON BAD NEWS......
TODAY THE STOCK MANAGED TO CLOSE ABOVE 50 DAY MOVING AVERAGE WHICH HAS BEEN A PROBLEM.....
!!ENJOY WATCH OUT FOR BTST/STBT CALLS @3:20

Trade active:

HOPE TRADERS EARNED MONEY TODAY HAPPY TRADING WAIT FOR 3:20

Trade closed: target reached:

FRUITFUL TRADE IN GRASIM THE STOCK WAS RECOMMENDED ON 19TH NOV FOR POSITIONAL TRADE AND AS WELL AS ON 23TH FOR BTST BOTH HIT OUR TARGETS
!!HOPE YOU EARNED GOOD MONEY!!
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!!WATCH-OUT EVERYDAY @ 3:20 FOR BTST/STBT CALLS!!