Averoy_Apoorv_Analysis

Grasim | Plan and Logic

Long
NSE:GRASIM   GRASIM INDUSTRIES
🔰 Hello my friends, here is the story I see behind this stock:
⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern
= a really bullish sign :)
⭐A break from trendline = SL and but don't go short :)
⭐Pattern: ascending triangle




🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>

Comments

Breakout is fine but don't u think so volume is less?
+1 Reply
@sudeepdas235, it closed on its ATM, if it wants to break this pattern it would have given a massive move, well that's one speculation but yeah volumes are lesser than previous candles so if it gives a breakaway gap and sustains it then a long is possible :)
Reply
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