Grasimbuy
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 Short/Long For Swing Trading🅾 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 is 100%, here the idea can be found only by analysis. Here I have tried to present to you what I can see from my point of view only by analysis.
Please don't mind.
Comment: 🅻🅸🅺🅴 & 🅵🅾🅻🅻🅾🆆 & 🅲🅾🅼🅼🅴🅽🆃
GrasimNSE:GRASIM
one can long this as long as stay above current support (red line) to target above dash line and book only if find reversal form there.
Grasim INDUSTRIESNeeds to be above 0.5 retracement 842 Target 950 (0.618 retracement)/
Please review this as I am new to Technical analysis.
GRASIM - Inverted bullish hammer at dynamic supportNote: This is for educational purpose only.
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 Breakout Swing BuyEarlier idea was shared on 06 Aug for Swing Buy if (645-650) breaks. But breakout came yesterday with good volume. Buy for swing in any dip near 655 for target 680, 730
buy Grasim around now or on dip 627buy Grasim around now or on dip 627
low risk trader above 634
SL 621 600 is strong support
T 643 662 685
GRASIM LONG IDEAGrasim broke out of its triangle pattern today and opened gap up.
As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR.
Trade will be initiated when pullback occurs. NSE:GRASIM
Grasim industries share at break out level Please keep an eye on the stock of Grasim industries buy above 560 . This resistance level is tested again again in today' session. once the resistance level broken short term Target of the stock is 570- 575. This stock is in very bullish mode. buy at the given levels only. Do not enter in the trade before the level. levels are very important factors. best of luck.
Grasim LongGrasim Perfectly in the golden reverse point...
3 possiblities:
Gap down : Buy when the price come inside the channel...
Gap Up : Its sustain above black color means...keep your buy posision...
Normal open : Wait for price come around 498-500 range,,,, 500 strong support in oi....
Do your own anlaysis before taking position...
My View : Bullish
PARALLEL CHANEL BREAKOUT PROBABLE ON #GRASIMTRADE ABOVE 520 FOR TARGET 545 KEEPING STOP-LOSS 505.
MACD divergence is noticed near crucial resistant area on Parallel Chanel .
Grasim Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX
Wait for entry setup, if available then Long/short.
Reward is 8 to 15 times.
Grasim making cup and handle patternGrasim is about to breakout cup and handle pattern on daily chart. 825+ level will make the stock stronger.
