GRASIM
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.
Grasim Industries At bottom of triangle.Grasim Industries has taken a good support on weekly time frame as well as daily and formed a triangle. This could be a good short term trade to buy at dips and with 8-10% profit. Make sure to put SL below trendline. Wait for bullish sign tomorrow and enter only if market is bullish else ignore..
Tringle pattern breakout in GRASIM . when to enter .As you can clearly see grasim gave a tringle pattern break out in daily chart . Now what further moves can be . According to me when these types of breakout comes market take a regression in upcoming candles . So on monday I will be waiting till 11:00 AM and than if market will be bearish I will not enter . But if market will be bullish i will take a swing position .
also check macd and rsi are strong .
And yu can see my targets on chart .
This is mine own analisys do yours as well its my opinion and should not be taken as tip.
Fresh Breakout in Grasim Good Opportunity for BuyingNSE:GRASIM
As whole market took a good correction , Grasim took a correction of
16% from its ATH. it took a trending resistance while coming down and
Broke it recently as well as gave breakout to the consolidation of past few
Days and seems very bullish and shoes a great opportunity for buying.
Addition to this CNXINFRA(NIFTY INFRA) has also gave a sectoral breakout .
as Grasim being its good member money inflow would start in it as well.
We can consider an entry on retracement or above the high of previous candle
for the given targets in the chart.
HAPPY INVESTING!!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Grasim: On the verge of Falling wedge Breakout The stock is testing the resistance of falling wedge pattern.
1640-1630 which was previously a resistance should work as support and if stock bounce back from that level, then we can see a new rally for its ATH.
Final support can be considered at the double bottom formed at 1590 levels.
DISC: For educational purposes only.