GRASIM 1D SWING TRADE Grasim industries formed cup and handle pattern and it's near about breakout then we take this trade
Entry :1850
Target : 2600
SL : 1665
Risk reward : 1:4
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GRASIM
GRASIM CASe studyGrasim spot cmp 1750 levels
cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation
symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels.
decisive breakout on any side would lead to a move of 8-10% on either side.
pre assumption of harmonic pattern formation. if the formation goes according to ploting, counter would give sharp retracement to levels of 1450-1500 levels,
elliot wave suggest counter is trading in 5th wave of motive phase, now as there are cofluence of resistance around 1790-1830 levels wave 5 can be trucated in nature and soon the motive phase might come to end, now if happens so motive phase would lead counter to good retracement levels,,
time to book you long position on every rally, now investment should be considered only above levels of 1835 on 2 consecutive close,
Bulls need to be cautious at current juncture.
Grasim Long entry in 1hr Time FrameCup and handle pattern formation in Grasim 1hr Time Frame chart and Inverse Head and shoulder pattern and small consolidation,
Higher Time frame trend also looks strong, if 1hr candle closes above 1775 then it can go for 1820 levels,
if it continue and break 1850 levels then we can see 1900 level in very short time.
(this cup pattern sits with inverse head and shoulder patter in daily time frame)
--Educational purpose only.
Grasim - Cup and Handle formationGrasim is forming a cup and handle pattern on the daily charts and once it breaks the 1830 levels (which is a main pivot level as it forms the ends of the cup), a significant up move can be expected. Given that the RSI is also crossing 60, breaching of the 1830 levels can be expected in the next 1-2 days.
Following the breach, the first major resistance will be at the 1890-1900 level, which is close to the all time high and also matches the 0.5 level of trend based fib extension. Hence this can be considered the 1st target and 0.786 and 1 levels considered T2 and T3 respectively
Head and Shoulder pattern in GrasimHead & Shoulder pattern in Grasim weekly chart. This will be a long position. Normally, with the tailwinds in manufacturing and infra development, cements are poised to do good.
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
GRASIM Looking Good for Intra Grasim Strong in Higher Timeframe crossing zone can give quick Momentum points on Upside
GRASIM: Evening Star with ResistanceStock has formed a reversal candlestick pattern which is known as Evening Star on weekly time frame. Also there is a horizontal resistance which suggests that the trend developed from the bottom of 1274 is exhausted and stock is ready to turn from the current level.
In the Evening Star Candlestick Pattern, the first candle closes bullish and the second candle closes with a small range and, the third candle closes aggressively lower (more than 50% of the first candle).
Evening Star Explanation:
In the Evening star candlestick pattern, the first candle shows the buyers are dominating as the price closes higher.
On the second candle, there is indecision in the market as both selling and buying pressure are in equilibrium (that's why the range of the candle is small).
On the third candle, the sellers win the battle and, the price closes lower.
Trading Strategy: Keeping SL of 1790 go short on current levels and look for the target of 1590/1550
YR 2022 Idea #156: Long on GRASIMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
BULLISH on GRASIMNSE:GRASIM
The price has given the breakout from the trendline. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The SL levels is 1561 and the target is 1990 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
Grasim swing entryGrasim giving great entry with better risk reward of almost 1 : 4.6, where sl is 1599, and final target is 2100 level, however I between small hurdle would be at 1790, and 1930-1980, recently it gave a golden crossover opportunity on weekly chart where ema 20 crossed ema 50, also broke descending trendline connecting jan22, apr22 on friday and today gave a follow up. Last time when ema20/50 crossover happend it was at 750 level on weekly chart.
Expecting a downside in Grasim (Positional)NSE:GRASIM
I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart.
Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.
GRASIMNSE:GRASIM
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
GRASIM INTRADAY STOCK TRADING PROFITKINDLY SWITCH TO 5MIN TIME-FRAME
Used my Analysis on 15min chart. Traded on 5min Time-frame.
After Breaking of Resistance waited for pullback then entered.
Profit Booked 1:4
Keep following Liking I will give trading setup on weekend.
Trendline Breakout in GRASIMTrendline Breakout is observed in Grasim Future, Stock is trading in momentum. Today Up by 2.5% with volumes. We expected stock to head higher from current levels, We are buying Grasim future for the Targets of 1750 with Stoploss of 1620
Grasim - Bullish above trend line - Keep on radarGrasim playing with rend line. Will be a good R&R above trendline.
GRASIM - Trend Line Rejection / BreakoutHi Traders,
GRASIM is nearing to Trendline Resistance in Daily timeframe , if any Buying momentum we can expect breakout on the higher side to go Long.
Incase any weakness with strong Rejection at the trend line we can look for Short entry.
Thanks
GRASIM - 27th July 2022Grasim making classic Pattern with Key Area at 1520.
Closing for 3 consecutive days above this levels needed for pattern confirmation on upside.
GrasimGrasim is bullish last 2 days, can continue atleast first half today, if general market sustains this upside then expect the next target.
#GRASIM ready for Breakdown , expected tgt @1290#GRASIM ready for Breakdown
chart structure very weak
expected tgt @1290
Grasim upLooks like downfall in the stock is about to end I think 1360-1350 will be good levels to buy the stock for trading purposes, Stoploss will be 1495 level and Target could be 1450, 1520 will be second target.
Grasim Chart Analysis !!📈 Grasim Industries 📉
This Stock Broke out from a resistance zone of 1600-1630 which was acting as a support also Oct, Nov and Dec 2021 and today managed to close above it.
Bias - Long
Target - 1778, 1920
SL - 1556
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
