Grasim Strong Rejection - Short for target 1360Grasim again strong rejection at Rs 1460. One can short for target 1360 in coming week.
GRASIM
Grasim Industries Ltd 1DAY TIME FRAME
Grasim Industries Ltd
POSITIONAL
01-06-2021
TIME FRAME :1DAY
ENTRY : BUY ABOVE 1475
STOP LOSS :1420
TARGET :1482/1518
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Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
Grasim Industries is at Crucial Resistance1)resistance zone is very crucial ,
2)formed on all time high
3) if this level breached than we can expect a big sharp up move for a short term
Ascending Triangle - Positional TradeDuring the last sessions, the stock has shown good upside momentum. Wide bullish candles supported with strong volumes. If the ascending triangle is broken with the strength we can enter with a small stop loss.
Grasim - ready for jumpGrasim is trying to give breakout above 1480 with volume.
Soon after breakout, 1525, 1550 & 1600 tgts are on the chart.
its uncharted territory, and 52week breakout.
Grasim cup and handle patternPerfect cup and handle pattern completed in Grasim daily chart. Height of the Cup is 215 points which could our next target from current levels. Maintain SL at low of the handle at 1350 on daily closing basis.
GRASIM 1 DAY CUP HANDLE PATTERN SEE THE CHART MY TECHNICAL ARE THERE 1 DAY TIME FRAME FOR GRASIM BREAKOUT.
Double Bottom / Cup & Handle breakout OpportunityGrasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.
Grasim- Potential Cup & Handle PatternGrasim is forming what appears to be a cup and handle pattern. Buy in anticipation of completion of this pattern.
Buy: Grasim
CMP: 1423
Target 1: 1590
Target 2: 1650
Stop Loss: 1365
Grasim levels for 24/05/2021NSE:GRASIM
from 10th may to 24th may its a good pull back.
Daily RSI is at 46 which is generally a support range during pullbacks.
forming double bottom in 1hr chart with RSI bullish divergence.
after 1 30 pm It consolidated in a small range near the pullback down trendline and last 15min showed buying with huge volume breaking the range upside. A gap up open can confirm the trendline breakout but Do not go long immediately; It can retest the trendline also.
1383-1385 is a strong resistance region .
a 15min close above this level will initiate my long entry and i will check whether this level is getting sustained on 1hr closing basis also.
Then i will be interested to hold this stock for some more days.
This is my personal view on the stock. Trade at your own risk and knowledge.
Grasim levels for tomorrowNSE:GRASIM
Froming a dowble bottom.
a 5min close above the marked levels will confirm the pattern. Book partial profits at important levels and trail SL.
Bullish Div at 5min chart
Negative Divergence in Daily chart of GrasimGrasim showing weakness in momentum after a long run up to 1450 levels, currently trading at 1367.
Loss of momentum is evident in RSI divergence as pointed out on the chart.
One can look to short this stock with SL above 1450 on closing basis.
Note: Result is expected to be announced on Monday for this stock, so keep you risk under control.
Options trading plan:
One can Sell 1450 strike call @ around 14 And Buy 1500 strike call @ around 7.5
Lot size: 475
Margin required: (~) Rs 46000
Max reward: Rs 3087
Max Risk: Rs 20660 (Defined risk strategy)
Do you own analysis before action upon this idea. All the best.
GRASIM DOUBLE TOP SELL SET UPHELLO FRIEND
HERE IS DOUBLE TOP SELL SET UP IN GRASIM INDUSTRIES BELOW 1400 SPOT LEVEL WITH SL OF 1480 FOR THE TGT OF 1210.
HAPPY TRADING.
Grasim : New ATH soon? Grasim, BO don already, retest done. Now ready for new ATH with SL 1400
For Educational purpose
Long Grasim Long Grasim above 1423 SL 1410 TGT 1455-1470 . Stock at resistance level BO & in uptrend. This is for your educational ideas only
Clearly a uptrend in grasim.1-hour Breakout clearly shows an uptrend with volume supporting it.
1320 is an immediate resistance that will act as 1st target.
