Good multiple bearish pattern formation confirmation with RSI and MACD good short candidate , can give fall of 50-100 points
*Stock Name - Grasim Industries..* *Stock Info-* Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On a standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple...
Ecpecting good move if sustains above 1600 with a daily candle. Check for yourself and make your entry.
Grasim industries trading in rising channel. good for long term.
#grasim moving up the trendline channel and any green close above 1615 which is previous resistance Could give opportunities to go long on this.momentum on short term has got into bullish zones along with all other timeframes with good volumes .Adx trend indicators are also rising on daily tight stop loss after entry needed as channel swings are large.
grasim chart analysis for intraday and swing trading
Grasim Industries had broken the upward trend line & trading below resistance of 1473 & making LH- LL formation on daily charts. Sell Grasim Industries for a target of 1365 for a target of 1365 & SL: 1509
grasim chart analysis for intraday and swing trading
After testing the Supply Zone GRASIM is once again on the move to reach new highs. - EVENT : Result on 13 Aug 2021 - Great Risk to Reward Ratio Strategy : - Buy Futures with SL below 1470 - Options Bull Spread -- BUY 1550 CE & SELL 1600 CE ( or according to your Risk Appetite) - Naked Options Buying 1600 CE For Risk Averse Traders : - Buy Stock at 1500 -...
GRASIM - accumulate some at 1500 at trendline. and accumulate some at hormonal line at 1475. . I can reverse from tend line support / or at horizontal line support. around 1480-1475.
∘ Best Setup in Grasim ∘ Grasim follow Bullish channel : Higher High ( HH ) & Higher Low ( HL ) ∘ Buy at Dip & Sell at High
Good support and resistance level for buying in the Stock. Earnings will matter in the stock movement , so please track that also to catch a good move.
uy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade
grasim chart analysis for intraday and swing trading
GRASIM is form HH HL pattern. If it continues to do so, then we can expect a good upside move from here. (for educational purpose only)
grasim chart analysis for intraday and swing trading
HIT THE LIKE BUTTON FOR MORE SUCH ANALYSIS I had booked a bit early , those who are holding can exit now --Buy Above =1400 or CMP --Target = 1467 | 1574 --Stop-loss =1342 --R:R =2.99 --lot size =475 --Expected Profit = 12.45% --Expected Holding = 1 month only #ThankU For Checking Out Our Content , We Hope U Liked It 🎈...
Wait and watch Enter only after the proper breakout