Trendline Breakout is observed in Grasim Future, Stock is trading in momentum. Today Up by 2.5% with volumes. We expected stock to head higher from current levels, We are buying Grasim future for the Targets of 1750 with Stoploss of 1620
RSI bearish Divergence.... according to Gann square technical analysis ...
📈 Grasim Industries 📉 This Stock Broke out from a resistance zone of 1600-1630 which was acting as a support also Oct, Nov and Dec 2021 and today managed to close above it. Bias - Long Target - 1778, 1920 SL - 1556 RR- 1 : 2.5 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you...
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.