Piyush-Gupta

GRASIM, TREND LINE & RESISTANCE BO WITH VOLUME

Long
NSE:GRASIM   GRASIM INDUSTRIES
710 views
69
GRASIM has given breakout from 8 month TREND LINE and closed very near to horizontal resistance line around 636.
If this trade above 637 (643 for safe trader) in Monday's session then it can give good move in intraday. If this good closing on Monday then around 680 is next big resistance and it can be possible positional target. Please note NIFTY trend is currently volatile and we need NIFTY support for same to sustain.

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Piyush Gupta
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Comments

Sir, great analysis! But grasim has also formed a shooting star candle on 30 min time frame! Let's see what happens tommorow.
+3 Reply
@ssethi01, that is good find. I usually don't consider candlestick patterns in lower TF.
As our buy level is few points away, we will wait for it to breach levels for any long positon.
+1 Reply
another gem...thanks
+2 Reply
Piyush-Gupta sara_shan
@sara_shan, thanks
Reply
Simple and clean to understand that's the magic which your charts depicts sir..thanks a lot
+2 Reply
@Rohit08, thanks Rohit
+1 Reply
Excellent as usual
+1 Reply
Piyush-Gupta Chandruuu
@Chandruuu,thank you for your support.
Reply
Will add in watchlist
+1 Reply
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