Hey Guys, Grasim Industries gave breakout of triangle pattern and which clearly denotes upcoming levels of 1600, 1700, 1770 so buy for the momentum now otherwise you may loose this opportunity to gain more with momentum
Grasim has given ascending traingle breakout . Trade can be taken for 5-8 % profit . Not a trading call just for learning purpose. Note :- Considering all time high . There is always a risk of fall .
Grasim has starting showing positive movement after Q4 results. on DTF it is making cup and handle pattern along with the double bottom confirmation. Stock is good in fundamentals and ready to move higher once crosses the 1470-1480 levels. DISC: For educational purposes only.
Triangle PATTERN BREAKOUT signal on daily chart Happy LEARNING
GRASIM ▷ Formation !!!!! Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Grasim gave breakout from ascending triangle and expected to give a level of 1713. Can be accumulated at CMP 1503 with a stop loss at 1432. Risk Reward Ration 1:3 For Educational Purpose Only.
major resistance zone breakout, Neck line breakout cup and handle pattern Flag pattern
Grasim Industries Ltd POSITIONAL 01-06-2021 TIME FRAME :1DAY ENTRY : BUY ABOVE 1475 STOP LOSS :1420 TARGET :1482/1518 ----------------------------- Note: we are not SEBI registered investment advisor. don't take any decision individually. kindly do your own research or consult your financial advisor before taking any financial decision.
1)resistance zone is very crucial , 2)formed on all time high 3) if this level breached than we can expect a big sharp up move for a short term
During the last sessions, the stock has shown good upside momentum. Wide bullish candles supported with strong volumes. If the ascending triangle is broken with the strength we can enter with a small stop loss.
Grasim is trying to give breakout above 1480 with volume. Soon after breakout, 1525, 1550 & 1600 tgts are on the chart. its uncharted territory, and 52week breakout.
Perfect cup and handle pattern completed in Grasim daily chart. Height of the Cup is 215 points which could our next target from current levels. Maintain SL at low of the handle at 1350 on daily closing basis.
SEE THE CHART MY TECHNICAL ARE THERE 1 DAY TIME FRAME FOR GRASIM BREAKOUT.
Grasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.