GRASIM
Grasim- At support...buy if market trend is upYes, not much downside..expecting good up move...here onwards
Grasim Sell after PullbackSell at 835-840 Stoploss 870 Target-700
Reasons-1.Broken daily channel
2.Expected pullback near to channel
3.important 840 support is now resistance
4.Risk Reward-1:4
GRASIM IS IN DOWNTRENDIT HAS STRONG BEAR FORMATION SO IT MAY GO DOWNTREND.IF IT BREAKS THE S1 LINE IT HAS A CHANCE TO GO UPTO S2 LINE.
ultracemco confusioncharts do not provide a clear picture here , would be interesting to see how it goes in coming days
GRASIM BUY ABOVE 920GRASIM BUY ABOVE 920
GRASIM (Grasim Industries Ltd) BUY ABOVE 920. GRASIM Trading in a channel. Today there was a increase in price with an increase in volume. If tomorrow it goes above 921, It can further see and upside of 930, 940, 950 and 958. Hold it with SL (Stop Loss) of 914
GRASIM | Weekly Trendline defining termsStock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be aware of recent higher low formed which might be an indication of Bulls putting a little fight and bear trend losing momentum. That takes us to the point where in a break below the recent rising Trendline or a break below 810 level could cancel out any weakness for Bears.
Considering the overall picture, the stock still inclines in favour of Bears and a break below 810 will only make the case stronger. Alternatively, a Weekly close above 930/950 levels might indicate a long term trend reversal in favour of Bulls.
Grasim Asymmetrical TriangleGrasim forming asymmetrical triangle at hourly timeframe. We can take trade whichever side we get breakout.
Time to start Investment in Grasim Grasim has formed Bullish Pattern and Sustained it after Initial Breakout.
Expect Huge Upmove in this stock from now on. Utilize every Dips to Add and Hold Patiently for Short Term Target 1075+ and New 52 Week High in Coming Months/Years.
Cheers!!!!
Above 530 looks like it will give us 600Above 530 looks like it will give us 600.
This is on a weekly chart so will tread carefully
GRASIM APR FUT
