Long

Grasim levels for 24/05/2021

Updated

from 10th may to 24th may its a good pull back.
Daily RSI is at 46 which is generally a support range during pullbacks.
forming double bottom in 1hr chart with RSI bullish divergence.
after 1 30 pm It consolidated in a small range near the pullback down trendline and last 15min showed buying with huge volume breaking the range upside. A gap up open can confirm the trendline breakout but Do not go long immediately; It can retest the trendline also.
1383-1385 is a strong resistance region .
a 15min close above this level will initiate my long entry and i will check whether this level is getting sustained on 1hr closing basis also.
Then i will be interested to hold this stock for some more days.
This is my personal view on the stock. Trade at your own risk and knowledge.

Note

watch this stock for tomorrow also

Note

boooked more than 1% intraday on 26th may. 15min close above the levels+price action analysis

vyas1394

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.