grindwel norton 16.10.2023
Updated
Grindwell Norton Ltd. is an interesting chart with following factors
1. ABCD pattern on weekly chart
2. price confirmation on weekly chart with two green candles after hammer formation. Price gained major support level of 2100
3. Daily price moving on upper Bollinger band and narrowing Bollinger Bands
4. Major Support zone 2017-2100 levels Minor Resistance 2284-2320 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. ABCD pattern on weekly chart
2. price confirmation on weekly chart with two green candles after hammer formation. Price gained major support level of 2100
3. Daily price moving on upper Bollinger band and narrowing Bollinger Bands
4. Major Support zone 2017-2100 levels Minor Resistance 2284-2320 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: stop reached
Price closed below C as trade is considered invalid and closed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.