Research Report - Contending for u-turn of GRASIM.
Updated
Directly jumped on 4Hours time-frame. I've mentioned almost all important levels,roughly Head and Shoulder pattern, parallel channel etc.
Let me turn on your attention to the 1580 that very important support of parallel line of lower-band. You can see clearly 1580 nearby entry is not bad idea.
Finally, You have to work on Elliott Wave to determine exact turning point. I will update here shortly Wave counting.
Looking at weekly (all time high at 1893)
I've connected a line, starting from Oct. 2007 to Nov. 2017 and founded 1568 which very close to current market price. Here possibly to covert Resistance into Support.
One of my experience phenomena regarding support and resistance, when the price throw-over(break out) the resistance or support line. When this happens, resistance trend-line can perfect as support area.
I'm seeing here candlestick price action with volume observation on weekly chart. Off course, recent two candle are totally view use negativeness but when you notice the volume its not enough for those both valid candle as compare to bull run.
Let me turn on your attention to the 1580 that very important support of parallel line of lower-band. You can see clearly 1580 nearby entry is not bad idea.
Finally, You have to work on Elliott Wave to determine exact turning point. I will update here shortly Wave counting.
Looking at weekly (all time high at 1893)
I've connected a line, starting from Oct. 2007 to Nov. 2017 and founded 1568 which very close to current market price. Here possibly to covert Resistance into Support.
One of my experience phenomena regarding support and resistance, when the price throw-over(break out) the resistance or support line. When this happens, resistance trend-line can perfect as support area.
I'm seeing here candlestick price action with volume observation on weekly chart. Off course, recent two candle are totally view use negativeness but when you notice the volume its not enough for those both valid candle as compare to bull run.
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Trade closed: target reached
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