Piyush-Gupta

GRASIM, Flag + Fibonacci + Ema - Winning comination

Long
NSE:GRASIM   GRASIM INDUSTRIES
Grasim has given a strong breakout from recent consolidation (Flag) today. Although volumne could have been better but other factors can't be ignored.
Grasim has followed Fibonnaci beautifully & bounced from 50% retracement level.
It can see 1832-35 as target which co-incides with 1.6 extension level.
Time & again, it has bounced from EMA 21 and moved well.

It can move above 1800 tomorrow.

Thanks
Piyush Gupta
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