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NeeteshJain

GRASIM - HEAD N SHOULDER

Short
GRASIM INDUSTRIES LTD. (BSE:GRASIM)  
NeeteshJain Updated   
BSE:GRASIM   GRASIM INDUSTRIES LTD.
GRASIM Head and Shoulders
23
6
grasim headandshoulders
It is been observed on daily chart that the price action formed a bearish Head and Shoulder, indicating a further weakness ahead.

Target: 1100

Stoploss: 1165
Trade active
Comment:
I shall update the Target 2 once it breaks and closes below the channel in order to provide greater reward. Regards
Comment:
Today's closing confirms the HnS pattern and now it shall further dip to 1100 levels and 1080 levels. If tomorrow, it shall give another good opportunity to short once it comes around 1140 levels.

snapshot

#Follow Up

Regards
Trade active
Trade closed: target reached:
Target 1 reached successfully. Regards

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