GRASIM SELL TODAY TARGET AND SL ACCORDING YOUR CAPACITY SHORT TARDE DONT GO FOR LONG
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
After a continuous downtrend GRASIM is finally out of that Trend. Initiate Longs on above 600 for Targets 620/640 .
grasim industries can be seem to forming a pendant formation on daily charts posiible short trade with target around 560 levels on leg one
On daily chart Grasim industries share is going to be ready for another breakout @ level of 633. Stock can be taken for the level of 700. but before going to 700 stock will be tested the minor resistance level @ 650 & 670. on daily chart cup & handle formation has been completed . So add the stock in your watch list. Entry will be taken as per marked trend...
Grasim looking good short intraday
Grasim broke out of its triangle pattern today and opened gap up. As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR. Trade will be initiated when pullback occurs. NSE:GRASIM
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
what u can see on dialy timeframe is it came near the demand zone and it bounced back making higher highs and higher lows and one can look for buying opportunities for intraday trades.
Go long for Breakout, one can wait for a pull back also on lower time frames
Wait for the breakout to secure a position and then short or buy. Prices are resisting the 530 level. With the bulls gaining a positive break out can be seen.
GRASIM after breaking out from a wedge has been forming a narrow range for sometime. Expecting explosive movement below 498 with SL 519 . Targets 400 in coming days.
GRASIM descending triangle for 5th May 20
Notes on the chart. Do like/comment