GRASIM - HEAD N SHOULDER
NeeteshJain Pro+ Updated
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.
I shall update the Target 2 once it breaks and closes below the channel in order to provide greater reward. Regards
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.
Trade closed: target reached:
Target 1 reached successfully. Regards