NeeteshJain

GRASIM INDUSTRIES - TRENDING UP (GOOD INVESTMENT)

Long
NeeteshJain Pro+ Updated   
BSE:GRASIM   GRASIM INDUSTRIES LTD
It is been observed on the Monthly Chart that the price action is trending up by making higher lows and higher highs (indicated on the chart with a long upward moving arrow). Hence it is providing a good investment opportunity at current levels. It is also fundamentally strong company and with interest rate and inflation going down shall benefit the company's upcoming quarter returns.

I believe it shall further move up and continue the trend in coming months. Therefore, I expect the price action to cross above 1100 levels soon.

Target: 1120

Stoploss: 1000

Risk Reward: 1:1

Duration: 1-2 Months.
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Trade closed: target reached: Target reached successfully. Regards
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