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GRASIM

Stock analysis of Grasim Ltd.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 we follow the 50DEMA for buy and sell then we will end up with only 2-4% profit, but if we follow the approach of buying at 50DEMA and selling the stock when it breaks the 21DEMA line then we can roughly generate the profit of 8-10%. In the current scenario, the stock took the support of 21DEMA and started moving up but the price will face resistance at 806.40, which can generate roughly only 2-3% profit. Buy signal will only activate if the stock sustains above the 806.40 level or the price takes the support of 50DEMA, whichever is first. RSI is neutral whereas the MACD has given the sell signal.
NSE:GRASIM
by mr-sky
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