Grasim after a strong impulsive move from 774 -742 ,
Yesterday It is with in 38% Range formed flat irregular,
Expect another strong down move to 725-720.(approx, even more)
Note : ( ~ ) 👈 approximate value
Grasim - from past few days, trading in range.
Currently on lower band of the range and also breaking trendline support.
If continue to trade below 517 levels, we can expect further downside - upto 500 below.
Incase if stock respects trend line support and bounce back - can look for long above 529 levels and can reach upto 550 levels.