Stock has formed a reversal candlestick pattern which is known as Evening Star on weekly time frame. Also there is a horizontal resistance which suggests that the trend developed from the bottom of 1274 is exhausted and stock is ready to turn from the current level.
In the Evening Star Candlestick Pattern, the first candle closes bullish and the second candle...
Grasim is just near a weekly time frame resistance zone.
Short the stock, if the price break down below 1540.
Support :- 1541, 1500-05
Resistance zone:- 1572-1597
On daily closing basis the price has closed near the resistance zone.
Wait, watch and trade.
🅾 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...
The stock looks good to sell if sustains below 1050 for the targets of 1015, 955, and 900 until 1115 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Sell if sustains below 1000 for the targets of 986, 967, and 945 with the SL of 1016.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
SHORT NSE:GRASIM
Two approaches for short :
1. Conservative approach:
- Short at 492 SL 496 TARGET 485/480
2. Aggressive Approach:
- SHORT below 483 SL 489 TARGET 478/472
![GRASIM: [POSITIONAL] GRASIM short setup](https://s3.tradingview.com/0/0wNSASUK_mid.png "[POSITIONAL] GRASIM short setup")
