Keep an Eye - Good to go above 2530Grasim Industries Ltd CMP - 2499 Looks good on Daily time frame. Uptrend then side ways consolidation for almost 6 Months , then Support breaks and remove Buyers . Looks good with 1:3 Risk to Reward.
Disclaimer :- Idea shared for information and education purposes only and should not be treated as investment or trading
Grasimltd
Grasim Looing GoodGrasim 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 Sales book looking attractive in the long run ...
Educational purpose only....
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
Grasim ☕️ Cup & Handle Pattern On daily timeframe Grasim has formed cup & handle pattern.
Entry:
We can take long trade after close of strong bullish candle above resistance zone.
Stoploss:
We can keep the Stoploss below the resistance zone.
Target:
We will keep target near the next resistance zone, as marked on chart.
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GRASIM INDUSTRIES||12-12-2022||SHORT AND LONG TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Black up and down arrow--touches of support line
**cmp:1815
In this chart, I can see good CUP AND HANDLE pattern
The Resistance Line was breached with very good candle and retested looks good for long term 100% returns
keep following We will grow like healthy society.
Grasim Long entry in 1hr Time FrameCup and handle pattern formation in Grasim 1hr Time Frame chart and Inverse Head and shoulder pattern and small consolidation,
Higher Time frame trend also looks strong, if 1hr candle closes above 1775 then it can go for 1820 levels,
if it continue and break 1850 levels then we can see 1900 level in very short time.
(this cup pattern sits with inverse head and shoulder patter in daily time frame)
--Educational purpose only.
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
Grasim: On the verge of Falling wedge Breakout The stock is testing the resistance of falling wedge pattern.
1640-1630 which was previously a resistance should work as support and if stock bounce back from that level, then we can see a new rally for its ATH.
Final support can be considered at the double bottom formed at 1590 levels.
DISC: For educational purposes only.