Grasim Industries (GRASIM) Trading Strategy The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice.
The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade.
I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 6 months.
Period : 19/08/2019 to 06/03/2020.
Points = 688.25
No. of trades = 58
Profit Factor = 2.934
It is non-repainting indicator and uses @version=4.
For free trial, send me a private message in order to access this script as this Invite Only script.
Grasimltd
Grasim Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX
Wait for entry setup, if available then Long/short.
Reward is 8 to 15 times.
GRASIM - Short Trade Setup- My setups are just based over the trendlines because every trader have their own strategy which plays out for them.
- Over the higher timeframe the major support line for the Grasim is broken down and retest done.
- Taking a short trade here for 1:5 R:R is good for me. or it's worth to take it.
Taking this trade on futures.