Grasim Perfectly in the golden reverse point... 3 possiblities: Gap down : Buy when the price come inside the channel... Gap Up : Its sustain above black color means...keep your buy posision... Normal open : Wait for price come around 498-500 range,,,, 500 strong support in oi.... Do your own anlaysis before taking position... My View : Bullish
Long position made in grasim. Trading statergy use is 1-2-3. Sl and Traget mentioned. Disclaimer: Please take your trading decisions after your own research. Don't trade after seeing me. This trade is just my view.
All Levels Mentioned on Chart. Grasim is trading below the trendline support and expected to move down further.
Grasim - from past few days, trading in range. Currently on lower band of the range and also breaking trendline support. If continue to trade below 517 levels, we can expect further downside - upto 500 below. Incase if stock respects trend line support and bounce back - can look for long above 529 levels and can reach upto 550 levels.
Trade has been described on the charts Due to news, the trade can be affected. Comment if you have any query This is a positional trade and not for intraday. Do your own research and then take the trade This is an educational post.
I drew this for 15th April`s trade but it will go down further on 16th April short below 529 (For edu purpose only )
Key Levels for GRASIM : Upper Breakout~539 First Target~546.30 Interim Resistance~554.15 Final Resistance~563.25 **Lower Levels** Lower Breakout~525.65 First Target~518.40 Interim Support~511.50 Final Support~501.45 Please trade with caution and consult your financial adviser before trading.
Grasim weak below 450 stoploss 475. Tgt 400/390 Risk reward 1:2.5
Grasim is at strong support currently. Keep it on Radar for 400 - 410 - 425 + Considering all global markets are positive today, incase if tomorrow opening is +ve , clearly bounce back is expected. However incase if falls from this level ... next support is at 347.
The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice. The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India)...
SELL WHEN CANDLE CLOSES BELOW GREEN AREA TARGET MARKED
grasim sell near trendline only and stoploss is pink line on close base
SELL GRASIM WHEN RECTANGLE IS BROKEN ON CANDLE CLOSE BASE TARGET GIVEN STOP LOSS IS TOPMOST TRENDLINE ON CLOSE BASE