Long Setup in Grasim IndustriesAn On Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:GRASIM
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Grasimind
Grasim Chart Analysis !!📈 Grasim Industries 📉
This Stock Broke out from a resistance zone of 1600-1630 which was acting as a support also Oct, Nov and Dec 2021 and today managed to close above it.
Bias - Long
Target - 1778, 1920
SL - 1556
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
GRASIM INDUSTRIES MID-TERM SWING TRADE!Hi everyone, Grasim industries mid term swing trade consider buy above: 1,790, targets: 1,894/1,965/2,080, stoploss: 1,722.
LOGIC BEHIND TRADE: Stock on daily chart has formed (W) pattern & near it`s resistance if breaks next resistance will be all time high above (ATH) on weekly chart (harmonic xabcd pattern level 1.618) will be activate & target will be 2,080. Stoploss is taken low of resistance candle. NSE:GRASIM
Simple Trade Setup | GRASIM | 14-12-2021 [ INTRADAY ]NSE:GRASIM
Observations:
1) On 1day time frame,it managed to sustain above 50DMA.
If it take support from 50DMA and trades above it then we can see an up move.
50DMA is placed at 1729.64 level.
Please refer below chart : 1day Time Frame.
2) Also On 1day time frame, it made double bottom pattern and sustain above the mid neckline of it.
Major breakout level range is 1360-1370 level range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 14-12-2021
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 respective level considering how price action works near that level.
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.