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.
It is as beautiful Ascending triangle pattern and it is all set to break.
GRASIM EQUITY levels ...27/05/2021 (D candle)
Made a double top recently. Now also its look weak. SL and Target mentioned.
Grasim is forming what appears to be a cup and handle pattern. Buy in anticipation of completion of this pattern. Buy: Grasim CMP: 1423 Target 1: 1590 Target 2: 1650 Stop Loss: 1365
NSE:GRASIM from 10th may to 24th may its a good pull back. Daily RSI is at 46 which is generally a support range during pullbacks. forming double bottom in 1hr chart with RSI bullish divergence. after 1 30 pm It consolidated in a small range near the pullback down trendline and last 15min showed buying with huge volume breaking the range upside. A gap up open can...
NSE:GRASIM Froming a dowble bottom. a 5min close above the marked levels will confirm the pattern. Book partial profits at important levels and trail SL. Bullish Div at 5min chart
Grasim showing weakness in momentum after a long run up to 1450 levels, currently trading at 1367. Loss of momentum is evident in RSI divergence as pointed out on the chart. One can look to short this stock with SL above 1450 on closing basis. Note: Result is expected to be announced on Monday for this stock, so keep you risk under control. Options trading...
HELLO FRIEND HERE IS DOUBLE TOP SELL SET UP IN GRASIM INDUSTRIES BELOW 1400 SPOT LEVEL WITH SL OF 1480 FOR THE TGT OF 1210. HAPPY TRADING.
Grasim, BO don already, retest done. Now ready for new ATH with SL 1400 For Educational purpose
Long Grasim above 1423 SL 1410 TGT 1455-1470 . Stock at resistance level BO & in uptrend. This is for your educational ideas only
Refer the charts for levels
1-hour Breakout clearly shows an uptrend with volume supporting it. 1320 is an immediate resistance that will act as 1st target.
The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.
Grasim has broken Resistance trendline and resistance zone in last session. If on Monday sustains above the zone (1407/1408) can consider for long trade