Channel Formation In Grasim ...I'm Positive On Grasim For Long Term...
Look at the charts and make an informed decision. Thank You Happy Trading Beware of risk involved in stock market and this is for educational purpose only.
Grasim looking strong as it broke its long term trendline and currently trading above it. In previous day session it broke an imp level. On high time frame, it is also looking decent for long term buy. All imp levels are marked on charts. fresh buying only is recommeded if trades above PGH and sustains. In previous idea
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...
i was banned for violating house rule so i am republishing again without any alteration Bought @ 667.90 target @ 733.25 lot size = 950 points gain = 66
Grasim has been performing well, looking tat thr volume structure and strength in the trend one can go long only if sustained above 732.
It may fall up to its weekly support. Its better to short whenever it touches its high level of channel.
a. Zone: Strong Bear b. Resistance 1: 717.60 c. Resistance 2: 723.60 d. Support 1: 693.45 e. Support 2: 663.30 NSE:GRASIM
Grasim 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...
Chart is shared only for the educational purpose.
Earlier idea was shared on 06 Aug for Swing Buy if (645-650) breaks. But breakout came yesterday with good volume. Buy for swing in any dip near 655 for target 680, 730
Grasim is forming a cup and handle pattern Wait for closing above 650 and go long for higher targets 670/690/710
I hope you can now see how Grasim represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
I will SHORT on GRASIM because: 1) The price is under Support/Resistance zone. 2) It has touched the resistance and may reach the support zone . 3) Target would be the Support area . Book profit when it reaches its support . 4) The price is also forming a Chanel or Rectangle Pattern .
GRASIM - Bearish setup 4 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
A good buy at CMP (or dips) for targets of 640, 645. A close above 646 (200 DEMA & Long term support/resistance) on Hourly chart can open higher targets too!