GRM OVERSEAS SHORT Short Setup: GRM Overseas (GRMOVER )
Trade Overview
Asset: GRM Overseas Ltd (NSE: GRMOVER)
Timeframe: 15-Minute
Position: Short (Sell)
Strategy: Rejection at resistance following a recent distribution phase.
Technical Analysis
The stock has shown significant volatility in early January. After hitting a high near 175.50, it has struggled to maintain upward momentum.
Price Action: The chart shows a failure to sustain levels above 172. The current price is hovering around the 170 mark, which is acting as a pivot point.
Risk/Reward: This setup targets a move back toward the lower support zones established in late December.
Recent Context: The stock recently processed a 2:1 bonus issue (late December 2025), which has increased liquidity but also led to profit-booking at higher levels.
Level Type,Price Level
Entry Range,168.50 – 170.20
Stop Loss (SL),174.80 (Above recent swing high)
Take Profit (TP),146.00 (Targeting major support)
Risk/Reward Ratio,Approx. 1:4.5
Based on the chart provided and the current market data for Tuesday, January 13, 2026, here is a draft for your TradingView Publication.
This trade setup focuses on a Short (Bearish) position for GRMOVER (GRM Overseas Ltd) on the 15-minute timeframe.
Short Setup: GRM Overseas (GRMOVER)
Trade Overview
Asset: GRM Overseas Ltd (NSE: GRMOVER)
Timeframe: 15-Minute
Position: Short (Sell)
Strategy: Rejection at resistance following a recent distribution phase.
Technical Analysis
The stock has shown significant volatility in early January. After hitting a high near 175.50, it has struggled to maintain upward momentum.
Price Action: The chart shows a failure to sustain levels above 172. The current price is hovering around the 170 mark, which is acting as a pivot point.
Risk/Reward: This setup targets a move back toward the lower support zones established in late December.
Recent Context: The stock recently processed a 2:1 bonus issue (late December 2025), which has increased liquidity but also led to profit-booking at higher levels.
Trade Parameters
Level Type Price Level
Entry Range 168.50 – 170.20
Stop Loss (SL) 174.80 (Above recent swing high)
Take Profit (TP) 146.00 (Targeting major support)
Risk/Reward Ratio Approx. 1:4.5
Market Sentiment & Risks
Bearish Trigger: A break below the 165 support level would confirm the downward momentum toward the primary target.
Risk Note: GRM Overseas is currently in a "Strong Trend" phase (ADX ~39). If the broader FMCG sector rallies, the stop loss at 174.81 must be strictly honored to avoid a squeeze back toward the 52-week high of 185.45.
⚠️⚠️⚠️⚠️⚠️⚠️ DISCLAIMER⚠️⚠️⚠️⚠️⚠️⚠️⚠️
Educational Purpose Only: The information, charts, and analysis provided in this post are for educational and informational purposes only. They do not constitute financial, investment, or trading advice.
Risk Warning: Trading stocks, futures, and options involves significant risk of loss and is not suitable for every investor. You should only trade with capital you can afford to lose.
No Guarantees: Past performance is not indicative of future results. There is no guarantee that the setup described will result in a profit or that the price levels mentioned will be reached.
Personal Due Diligence: I am not a SEBI-registered advisor (or your local equivalent). Always perform your own research and consult with a certified financial professional before making any investment decisions.
Independence: The author of this post shall not be held liable for any financial losses or damages incurred as a result of using this information.
