Grasim followed Fib retracement perfectly. As per given in my previous idea it took good support from 61.8% level range. Please refer below chart.
Now what next? Just simply if we apply the same level range of FIb retracement then we can see below levels. This levels will be for short to mid term positional trade. Sustainable Breakout of 1700 level will lead it to 1759 easily and we can see 1800 level in mid term positional long trade.
Please refer below chart.
you can also refer my previous idea of Grasim in Link section at the end of this idea.
hey, this level 1760 exactly matching with my analysis of Cup and Handle pattern, took from 24th August Daily candle to neckline of 1600, thats about 160 points depth, and same took as target from neckline which is 1760 :) I think this surely works, as 2 logics are supporting, lets watch. I must mention, you do great analysis and very clear levels for each idea... hatsoff