Note: This is for educational purpose only.
21 EMA seems to act as dynamic support. Moreover, 21 EMA is above 55 EMA which indicates short term bullish momentum. RSI at 58 is nearing bullish momentum. There seems to be a inverted bullish hammer at dynamic support.
Price - ₹778.35 Dt. - 31-10-2020
As discussed earlier on the weekly chart that the stock is in the continuous downtrend from a few years but recently last month the stock broke the streak and started moving upward. looking at the historical daily chart we can conclude that stock can give buy and sell signal through 50DEMA and 21DEMA. But observing carefully if...
Swing + Intraday Setup: Looks good above 767 for 780/790/800. SL can be 760.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Grasim after a strong impulsive move from 774 -742 ,
Yesterday It is with in 38% Range formed flat irregular,
Expect another strong down move to 725-720.(approx, even more)
Note : ( ~ ) 👈 approximate value