Further to my earlier buy call on Grasim given on 30 May, the stock delivered a return of over 15%. The stock completed its next impulse wave and has been undergoing correction since 27 June.
The correction happened in the form of a zigzag which is a 5-3-5 structure. All the wave markings are given in the chart.
The stock in all likelihood has completed correction at 0.5 fibo extension of wave 2-3 to 4 of wave as given shown in the chart.
Buy with a stop loss of 2647.
Target the last high and higher targets will be updated as the wave unfolds.
Happy Trading !!
ChartTheWave |
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ChartTheWave |
Join my telegram channel t.me/chartthewave for live updates
Join my telegram channel t.me/chartthewave for live updates
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.