Grasim is just near a weekly time frame resistance zone. Short the stock, if the price break down below 1540. Support :- 1541, 1500-05 Resistance zone:- 1572-1597 On daily closing basis the price has closed near the resistance zone. Wait, watch and trade.
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..
Good for Intraday 07 Feb 2022 and Swing as Well. For intraday it is making a bullish flag pattern so we can look for long move depending upon the market trend and for Swing the Script has retraced from FIB Level.
Grasim Make New Opp for Long Levels mentioned on chart Keep watch Always Use 1:1 Ratio and Lock ur Trail profit
We are expecting the price to reach 1880 which can be a potential resistance level for stock, while on the downside support is at 1700. We can build a trade at CMP with a stoploss at 1700 and 1880 as target.
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...
NSE: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...
Grasim on a weekly and daily time frame looks bullish once it crosses and closes above 1878 level. It can test it's ATH and make new high in the coming week. On Fibonacci retrenchment level target can be 197,2016 and 2077. Wait for the breakout.
The stock is in uptrend .The RSI is above 60 and the recent targets are shown on chart.
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.
Grasim staying below the trendline is looking weak. Keep an eye on the price action at the trendline, the level to watch is below 1590 -. ~ Breakout Stocks App
Stock has broken the neckline of H&S pattern at 1680 & retested the neckline. One should go short with SL of 1680 & look for the target of 1540/1470
Short below 1587 in Grasim. there is likely to be a support area breakdown.
grasims for swing it breaking down the head and shoulder pattern and retesting its levels
NSE:GRASIM is on a two support line one is a trendline and another is a resistance turning into a support and showing a weak signal in two stanza :- 1. As per the market sentiments are weak due to which the support might not sustain 2. And another is that the trendline has already tested multiple support so this time might not be strong enough to make move...
NSE:GRASIM Observations: 1) On 1day time frame,it managed to sustain above 50DMA. If it take support from 50DMA and trades above it then we can see an up move. 50DMA is placed at 1729.64 level. Please refer below chart : 1day Time Frame. 2) Also On 1day time frame, it made double bottom pattern and sustain above the mid neckline of it. Major...
double bottom breakout AND consildation above resistance level in a trianlge pattern. breakout can generate good momentum on the upside. keep this stock in radar
GRASIM important levels for long term investment Level 4 = 1223 Level 3 = 934 Level 2 = 704 Level 1 = 472