Grasim Intraday buying CMP 2723 For Target 2734- 2742- 2760+ Grasim Intraday buying CMP 2723
For Target 2734- 2742- 2760+
SL below 2710
GRASIM trade ideas
GRASIM
Price is trading decisively above its previous medium term peak of 1930.
The uptrend is expected to continue to test 2775-2950 zone (261.8% Fibonacci Retracement levels).
Bullish outlook remains intact as long as price is above 1930.
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally.
Reasons are listed below :
The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement.
A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders.
The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook.
Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement.
The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements.
The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum.
Target - 2360 // 2575
Stoploss - Daily close below 2045
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@visionary.growth.insights
M_M @ ATHCurrently M&M trading @ ATH.
Pros:- Retracement with breakout @ 4 hour timeframe.
:- Stock @ Ath which gives nice bullish momentum.
:- Cheap premiums in options.
:-Target till 3,000/-.
:- Entry @ first week of July_2024 which gives Bett opportunity in options trading.
:- Auto sector reduced price in SUV'S and Ev vehicle's.
Con's:- Sideways momentum in stock.
GRASIM BULLISH BREAKOUTIts a up flag breakout. Breakout is happened after a long consolidation with huge volume.
Maintain stoploss on closing basis.
VIEW ON GRASIMBig Breakout on the weekly charts
Next target could be around 2900 levels which is a good upside
Support near 2550
I am just representing my views
For educational purpose only.
GRASIM - Ichimoku Breakout📈 Stock Name - Grasim Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2638.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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rising wedge contractingThe rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by converging trendlines, where both the support and resistance trendlines are sloping upward, but the slope of the support line is steeper than that of the resistance line
Grasim Long OpportunityWe can go long from 2290 to 2310.It is very strong institutional buying zone.
Trade at your own risk.
I am not SEBI registered.
Positional Trading Idea on GRASIM with Fibonacci LevelNSE:GRASIM
Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.
GRASIM - Still moving UP StrongGrasim is at all times high and only moving up only. No sign of profit booking.
Breakout in GRASIMAfter a long consolidation, stock has given breakout from its Rising channel pattern and has given confirmation for breakout by a Doji and Marubozu. From the past 3 days, buying volume has been increasing consistently. Stock is trading above all its EMA.
One More Birla group company_GrasimCurrently Stock trading at 2386.60 with ATH closing.
One more Birla stock to enter in cash market.
Long Grasim at current market price and hold in cash market until breaks previous market structure.
Happy trading!!
Only for educational purpose.
Expected Approchin this stock type i am expecting little bit down side movement with my knowledge.
Kindly do your analysis also and trail your stop loss accordingly.
Do calculate the Risk & Reward Before trading.
regards
trade tales with SK.
Grasim industries-bearish harmonic- weeklySpotted -bearish harmonic pattern - in weekly time frame
Let us observe whether the harmonic pattern is valid or invalid.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST based on what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror Telugu
Swing Trade - GRASIM📊 Script: GRASIM
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2287
🟢 Target 🎯🏆 - 2410
⚠️ Stoploss ☠️🚫 - 2241
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
GRASIM - Ichimoku Breakout📈 Stock Name - Grasim Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2290.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
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#StockAnalysis #MarketWatch #TradingEducation #ichimoku
GRASIM 24-03-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from resistance area and possible to reach immediate support.
2) if breaks the support line we are good for sell entry for the target.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Grasim After consolidation stock is getting ready for new highs
Once cross 2274
Massive surges
2400 CE April Series
Grasim Industries - Sell
Exit your long positions in Grasim Industries below 2220.65 as marked by the horizontal line. Please do not get trapped. Time candle has also been marked on the chart.
Disclaimer:
I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
