Grasim Industries - Cup and Handle breakout Pattern- Complex Cup and handle pattern formation in $GRASIM
- Good volumes during breakout
- Entry can be made after retest to levels of 1470-1475 for good risk reward ratio
- Expecting a move of 10-12% from breakout level
- Don't chase if it continues bullish movement
* Educational Purposes only
Grasimltd
Grasim Industries Ltd 1DAY TIME FRAME
Grasim Industries Ltd
POSITIONAL
01-06-2021
TIME FRAME :1DAY
ENTRY : BUY ABOVE 1475
STOP LOSS :1420
TARGET :1482/1518
-----------------------------
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.
GRASIM Short/Long For Swing Trading🅾 GRASIM Short/Long For Swing Trading (Flag & Pole Pattern) :-- 🅾
Three days after the stock breakout (breakout with strong volume & Candle high Close), if the consolidate to the support / resistance and then out of the consolidation zone, very good movement can be found in the case of SWING trading
Ⓢⓟⓔⓒⓘⓐⓛ ⓝⓞⓣⓔ :
There is no setup in the stock market that is 100%, here the idea can be found only by analysis. Here I have tried to present to you what I can see from my point of view only by analysis.
Please don't mind.
Comment: 🅻🅸🅺🅴 & 🅵🅾🅻🅻🅾🆆 & 🅲🅾🅼🅼🅴🅽🆃
GRASIM - Inverted bullish hammer at dynamic supportNote: 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 BROKE ITS VERY IMP LEVEL MORE HIGHER HIGH CAN BE SEENGrasim looking strong as it broke its long term trendline and currently trading above it. In previous day session it broke an imp level. On high time frame, it is also looking decent for long term buy. All imp levels are marked on charts.
fresh buying only is recommeded if trades above PGH and sustains.
In previous idea