Positional Trading Idea on GRASIM with Fibonacci Level

Mar 30

GRASIM

Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.

May 5

Note

Closed above resistance level on 30th April 2024 and heading towards 2500 target.

May 11

Note

Still holding Fib 1.618 level of 2360 level.