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GRASIM

GRASIM is Making Ascending Triangle Pattern (Breakout Trade)Grasim Industries Limited : Textile Industry Company ( NSE:GRASIM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
NSE:GRASIM
by R_Sharma
Grasim share to take long entryGrasim stock in all TFs are in uptrend & forming the higher highs. Now after the level of 630 we have seen good BO , Now again stock is trading in the range . Long entry can be taken above the level of 688 for the target of 710 with the SL of 672. Positive divergence has also seen in the charts. So add the stock in your chart to see the price action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
NSE:GRASIMLong
by Tech_stock_trader