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...
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.
1. at the edge of upward channel breakout.
2. InHS pattern breakout with retest.
3. My favorites apna wala candle formation good for 2marrow and nxt 5 days only above 1660 can move 3 to 5% its positional idea.
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.
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.
Today i have made a post on GRASIM 15M
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be...
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I had booked a bit early , those who are holding can exit now
--Buy Above =1400 or CMP
--Target = 1467 | 1574
--lot size =475
--Expected Profit = 12.45%
--Expected Holding = 1 month only
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