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Kunal-Battu

Expecting a downside in Grasim (Positional)

Short
GRASIM INDUSTRIES (NSE:GRASIM)  
Kunal-Battu Updated   
NSE:GRASIM   GRASIM INDUSTRIES
Trend Analysis Chart Patterns Technical Indicators indianmarket indianstocks short resistence GRASIM Technical Analysis
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trendanalysis chartpattern indicator indianmarket indianstocks short resistence grasim technicalanalysis
GRASIM

I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart.

Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.
Comment:
The price has given breakout from the trendline. SL triggered. For any Aggressive traders reverse the position.
Comment:
New
SL : 1561
Target : 1990
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