Hi Traders, GRASIM is nearing to Trendline Resistance in Daily timeframe , if any Buying momentum we can expect breakout on the higher side to go Long. Incase any weakness with strong Rejection at the trend line we can look for Short entry. Thanks
RSI bearish Divergence.... according to Gann square technical analysis ...
RSI bearish Divergence.... according to Gann square technical analysis ...
Grasim making classic Pattern with Key Area at 1520. Closing for 3 consecutive days above this levels needed for pattern confirmation on upside.
Grasim is bullish last 2 days, can continue atleast first half today, if general market sustains this upside then expect the next target.
Looks like downfall in the stock is about to end I think 1360-1350 will be good levels to buy the stock for trading purposes, Stoploss will be 1495 level and Target could be 1450, 1520 will be second target.
#GRASIM ready for Breakdown chart structure very weak expected tgt @1290
When the Trend Breaks, Try to Trade With the Trend
Grasim 1692 Below 1685, I am expecting Grasim to move towards south It would be positive if it sustains above 1725 levels Chart is for study levels
Rising wedge patten seen at 1hr TF and also Double top patter formed at 15min TF which will indicates great short entry in Grasim
📈 Grasim Industries 📉 This Stock Broke out from a resistance zone of 1600-1630 which was acting as a support also Oct, Nov and Dec 2021 and today managed to close above it. Bias - Long Target - 1778, 1920 SL - 1556 RR- 1 : 2.5 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you...
NSE:GRASIM at 38% fibonacci support + inverted head and shoulder + RSI ABOVE 50. All tgts, SL buying zone given in chart.
***educational purpose only buy above 1630.25 (cmp 1626.20) sl below 1606.90 target 1650 / 1750
Grasim is just near a weekly time frame resistance zone. Short the stock, if the price break down below 1540. Support :- 1541, 1500-05 Resistance zone:- 1572-1597 On daily closing basis the price has closed near the resistance zone. Wait, watch and trade.
Grasim Industries has taken a good support on weekly time frame as well as daily and formed a triangle. This could be a good short term trade to buy at dips and with 8-10% profit. Make sure to put SL below trendline. Wait for bullish sign tomorrow and enter only if market is bullish else ignore..
Good for Intraday 07 Feb 2022 and Swing as Well. For intraday it is making a bullish flag pattern so we can look for long move depending upon the market trend and for Swing the Script has retraced from FIB Level.
Grasim Make New Opp for Long Levels mentioned on chart Keep watch Always Use 1:1 Ratio and Lock ur Trail profit
We are expecting the price to reach 1880 which can be a potential resistance level for stock, while on the downside support is at 1700. We can build a trade at CMP with a stoploss at 1700 and 1880 as target.