Grasim Was running under pressure in past many years and a year ago it gave a quite good breakout but still it was in the range for a whole year and finally we can see that the with the good quarterly results it gave breakout..
Fundamentally we can see the increasing capex in the budget and which will help to infrastructure development and that is why the Grasim...
An 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...
Trendline Breakout is observed in Grasim Future, Stock is trading in momentum. Today Up by 2.5% with volumes. We expected stock to head higher from current levels, We are buying Grasim future for the Targets of 1750 with Stoploss of 1620
Grasim on a weekly and daily time frame looks bullish once it crosses and closes above 1878 level.
It can test it's ATH and make new high in the coming week.
On Fibonacci retrenchment level target can be 197,2016 and 2077.
Wait for the breakout.
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...
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...
Grasim with an inverted head and shoulder pattern!
It can be the movement where it can continue making its ath!
Stay cautious of the upper resistance of 1696!
Hey 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...
Grasim gave breakout from ascending triangle and expected to give a level of 1713. Can be accumulated at CMP 1503 with a stop loss at 1432. Risk Reward Ration 1:3
For Educational Purpose Only.
Grasim Industries Ltd
POSITIONAL
01-06-2021
TIME FRAME :1DAY
ENTRY : BUY ABOVE 1475
STOP LOSS :1420
TARGET :1482/1518
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Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
Note: 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: Simple Trade Setup | GRASIM| 11-10-2021 [Intraday & positional]](https://s3.tradingview.com/1/183iVrAs_mid.png "Simple Trade Setup | GRASIM| 11-10-2021 [Intraday & positional]")
