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Grasiminvestment

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
NSE:GRASIMLong
by raigvivek
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.
NSE:GRASIMLong
by Trading_hawk
16
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. ------------------------------------- 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. ------------------------------------- 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.
NSE:GRASIM
by Trading_hawk
1