Piyush-Gupta

GRASIM, TREND LINE & RESISTANCE BO WITH VOLUME

Long
NSE:GRASIM   GRASIM INDUSTRIES
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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Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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Piyush Gupta

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