NSE:GRASIM is looking Good to enter if you want to invest in Nifty Infra for the upcoming weeks.
Even though volatility in the market has started to increase. It is stable and holding its levels Positively.
With every Swing in it, volatility is reducing & it can give huge returns in a shorter period.
One Can take Stop loss near the zone of 1760 (Tight SL) and 1700 as a (Loose SL)
Trade horizon can vary on movement of the stock, (Ideally 3-6 months)
I'll keep you updated here so make sure to follow for updates. and you can ask questions in the comments.
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After today's trading session, there's a lot of volatility going on in the market, and Vix is also rising. With a big event coming up tomorrow(Gujrat Election's result), it would be wise to remain cautious with small caps and metals.
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Less erratic than other Nifty 50 equities, Grasim is currently trading between yesterday's high and low; a break of these levels will determine additional future movement.
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Now that the retest in Grasim has been completed, I anticipate some good moves if the market remains positive. If it falls again, however, options traders should be prepared to take a stop loss.
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Grasim Update:- The SL of 1760 got triggered. As a result, I have left the majority of my positions (60–65%). I'll take care of the rest. waiting for the major support of 18050-18100 to turn the game.
Thank you for your valuable contribution to the Tradingview community and keep up the good work!
Gagan_Ahuja_13
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@johntradingwick, I am deeply touched by this honor, my deepest gratitude for your appreciation.😇
Piyush-Gupta
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Good analysis. Surprised by many comments as people don't appreciate the study and start taking everything as a call or tip. Few rule which most beginners don't understand 1. Trading is not 100% success formula and there will be stop losses as well. 2. Risk management is the key.
One should not initiate option swing trade without hedging as time is always against you. Great post & analysis
Gagan_Ahuja_13
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@Piyush-Gupta, Thank you so much, Piyush, for your kind words. I agree with you entirely. In trading, there will inevitably be setbacks because one cannot be right all the time. However, risk management and the risk reward ratio are two things that must always be kept in mind.
keshevdugar
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wow u bought the exact short term top lol
Gagan_Ahuja_13
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@keshevdugar0210, As a breakout trader, it frequently happens that I buy the stocks, and as Grasim is doing right now, a retest follows. and if you engage in breakout trading, it's perfectly normal. I'm curious to know how you trade. I would be shocked if you haven't had this experience. LOL
Gagan_Ahuja_13
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@keshevdugar0210 Haha lol, May be will happens someday.
joshiranvir
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I have taken a Stock Option Call for Grasim for December month looking at this chart. However position is down significantly on Friday. Do you still think it can give breakout next week ? Kindly advise.
Gagan_Ahuja_13
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@joshiranvir Which strike price did you purchase Ranvir at? Please let me know that.
Thank you for your valuable contribution to the Tradingview community and keep up the good work!