NeeteshJain
Short

GRASIM - HEAD N SHOULDER

BSE:GRASIM   GRASIM INDUSTRIES LTD
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
Good one you rock sir...is there further downside expected? Should one sell further? Thanks
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Thanks.
Reply
With all due respect don't you think it's a poor risk to reward ratio.
+1 Reply
NeeteshJain TOP SatyamMishra
@SatyamMishra, It is 1 to 1 risk reward on Target 1 and I shall update the Target to which will take this to 1:3 risk reward. Regards
Reply
Macky999 NeeteshJain
@NeeteshJain, thanks bro..
Reply
SatyamMishra NeeteshJain
@NeeteshJain, thanks
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