GRASIM trade ideas
GRASIM 1D TF Parallel channel intact with a series of HL-HH.
Renewed buying interest at the channel bottom with good price volume action.
A follow-up move here would trigger 1595 followed by a new HH.
NeutralGrasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertiliser, textile, etc.
'GRASIM' intraday opportunity for 2nd August 2021uy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade
GRASIM_KEEP THIS IN YOUR WATCHLISTGRASIM is form HH HL pattern. If it continues to do so, then we can expect a good upside move from here.
(for educational purpose only)
Grasim - Need to sustainGrasim :
Need to sustain 1590 levels
Long above 1596 with support at 1585 and 1575
Ascending triangleHH HL formation and consolidating on upper trendline, it will break the resistance with huge move
GRASIM Long! Double Bottom Hello Traders,
The rationale for the trade
1) Double Bottom
2) Tested the Resistance multiple times
Grasim-Flag Pole Breakout - WatchGrasim :
Looks interesting, Flag Pole Breakout
Currently at Resistance
Need to sustain 1580 levels
GRASIM 1D Indicating Strong Demand1) Price consolidating for more than a month
2) Two recent pullback with 2nd pullback with higher low indicating stocks is in strong up move
Watch for upside breakout after consolidation (accumulation phase at top). If it breaks down (distribution phase) then wait for price to retrace back to any of the previous pullback level and then reversal.
