What next in Grasim ? Positional Trade NSE:GRASIM
Grasim followed Fib retracement perfectly. As per given in my previous idea it took good support from 61.8% level range.
Please refer below chart.
Now what next?
Just simply if we apply the same level range of FIb retracement then we can see below levels.
This levels will be for short to mid term positional trade.
Sustainable Breakout of 1700 level will lead it to 1759 easily and we can see 1800 level in mid term positional long trade.
Please refer below chart.
you can also refer my previous idea of Grasim in Link section at the end of this idea.
Grasimbuy
Simple Trade Setup | GRASIM| 11-10-2021 [Intraday & positional]NSE:GRASIM
Observations:
1) On 1 day time frame, if we apply fib retracement for recent swing from low to high we can see that it is just above 61.80% level of FIB Retracement and level of 1590-1591 will work as good support now.
Please refer below chart : 1day Time Frame.
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One can enter for positional trade from CMP with Strict SL of 1580 for the up side target of 1700 in short/mid term.
But Safe positional buy trade entry will be once it maintain to close above 1620 level sustainably.
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Trade Setup for Date 11-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]NSE:GRASIM
Observations:
1) One 1 hr time frame,It made inverse head and shoulder pattern and given breakout of it on 24-09-2021. And it closed above the neckline of it.
Please refer below chart : 1 hr time frame.
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For Positional Trade for short-mid term target on long side will be 1700- 1720 - 1750. SL will be 1580.
Major resistant at 1660 level.
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Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Long on Grasim IndustriesHey Guys,
Go long in Grasim Industries and yesterday it gave breakout of 15 min Time frame chart but due to sudden pressure in NIFTY it can't sustain but now it gave breakout and retested as well in the last period of time and there is a strong possibilities that it can make tomorrow new 52 week high and can move towards 1600 , 1700 levels from here a sharp upmove expected. so get ready for tomorrow
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Long on Grasim IndustriesHey Guys,
Get Ready for Upside movement in Grasim Industries as it retested very well its breakout area now it is ready for targets of 1550, 1600, 1700 and many more today it was doing very well but due to sudden pressure in Nifty it shades off too its gain due to selling pressure which is highly unlikely not possible to take nifty below 15500 and 15500 levels so its time to buy if you missed earlier then it is golden opportunity to buy it now for upside movements
for any other help you can contact me 86838-63940 for any further help and do follow me
Long on Grasim IndustriesHet Guys,
Strong Pull back expected tomorrow as in above chart it closed above its strong Buying area on which high rejection found today itself so there is high chances for targets tomorrow to open flat to positive and will be trending for targets of 1550 might be achieve tomorrow itself and 1600 and 1700 in some upcoming sessions.
Follow for more ideas and analysis contact for any other stock analysis 86838-6394.