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...
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!
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...
Grasim has given a breakout at the level 1620
It may retest the support downwards around 50 EMA or from the trend line. It can also take the support from the breakout level, but will definitely hit the target
Traget :- 1800
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...
Head and shoulder + Cup & Handel Both patterns are applying now with volume
In F&O Buy Oct future and Sell Sep 1660 CE Eat full premium if not touch this price.
If you want to hold a position then After this expiry sell 1660 Oct CE and hedge your position for sefty.
GRASIM - accumulate some at 1500 at trendline. and accumulate some at hormonal line at 1475. . I can reverse from tend line support / or at horizontal line support. around 1480-1475.
After the breakout, the retest volumes have been low.
The stock seems ready to break the trendline and move upwards.
The trendline break should be convincing with high volume and the candle should depict buyers in control.
Previous resistance will act as a support.
NSE:GRASIM
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...
Hey 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...
Het 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...
Hey Guys,
Grasim Industries gave breakout of triangle pattern and which clearly denotes upcoming levels of 1600, 1700, 1770 so buy for the momentum now otherwise you may loose this opportunity to gain more with momentum
![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]")
![GRASIM: Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]](https://s3.tradingview.com/v/vQPfAH32_mid.png "Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]")
