🅾 GRASIM Short/Long For Swing Trading (Flag & Pole Pattern) :-- 🅾
Three days after the stock breakout (breakout with strong volume & Candle high Close), if the consolidate to the support / resistance and then out of the consolidation zone, very good movement can be found in the case of SWING trading
Ⓢⓟⓔⓒⓘⓐⓛ ⓝⓞⓣⓔ :
There is no setup in the stock market that...
The stock looks good to sell if sustains below 1050 for the targets of 1015, 955, and 900 until 1115 is intact on the upside.
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21 EMA seems to act as dynamic support. Moreover, 21 EMA is above 55 EMA which indicates short term bullish momentum. RSI at 58 is nearing bullish momentum. There seems to be a inverted bullish hammer at dynamic support.
Grasim after a strong impulsive move from 774 -742 ,
Yesterday It is with in 38% Range formed flat irregular,
Expect another strong down move to 725-720.(approx, even more)
Note : ( ~ ) 👈 approximate value