Grasim is Old is Gold stock in NSE India now crossing at major
Grasim is Old is Gold stock in NSE India now crossing at major important levels
This Stock Is corrected massively during lock down and previously it is one of the Valued stock in Nifty but will it regaining its lost empire let see?
Stock has a strong support 400 levels nearby.
Parallel Channel has started from 2014 s and from there stock is showing higher tops and higher bottoms now stock breaks the parallel channel in June 2019 and went to Back to Rs 400 Level which is a very strong level.
Stock Support at 400 level which is lower end of Stock and stock move to its resistance level to 535 .
If Stock breaks the resistance level of 535 stock will move to 600 Level easily which will be next resistance level for the stock
Stock is at Major Support and level and if continues to hold this support level then another move can come up to 600 Levels
Momentum in last 10 days is also showing improvement towards upper side right now 46.05 Points which is less also which is closer to Support
Levels.
MACD ; is also showing strength to go higher present signals are showing that direction
Donachian Level Lower Level 469 , Basis 509 and upper is 550 where the stock is trading at present levels if breaks can go long up to 600 which will be 61.80% retracement level
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pls consult your financial advisor before investing in any of the financial instruments.
This Stock Is corrected massively during lock down and previously it is one of the Valued stock in Nifty but will it regaining its lost empire let see?
Stock has a strong support 400 levels nearby.
Parallel Channel has started from 2014 s and from there stock is showing higher tops and higher bottoms now stock breaks the parallel channel in June 2019 and went to Back to Rs 400 Level which is a very strong level.
Stock Support at 400 level which is lower end of Stock and stock move to its resistance level to 535 .
If Stock breaks the resistance level of 535 stock will move to 600 Level easily which will be next resistance level for the stock
Stock is at Major Support and level and if continues to hold this support level then another move can come up to 600 Levels
Momentum in last 10 days is also showing improvement towards upper side right now 46.05 Points which is less also which is closer to Support
Levels.
MACD ; is also showing strength to go higher present signals are showing that direction
Donachian Level Lower Level 469 , Basis 509 and upper is 550 where the stock is trading at present levels if breaks can go long up to 600 which will be 61.80% retracement level
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.