GRASIM INDUSTRIED- INVERSE HEAD AND SHOULDERS BREAKOUTGRASIM INDUSTRIES HAS BREAKED OUT INVERSE HEAD & SHOULDERS PATTERN, CAN TAKE BUY ENTRY AROUND 1500-1510 LEVELS.
BUY TARGET- 1560 / BUY STOP LOSS- 1450
GRASIM trade ideas
#GRASIM 1D TF Ascending Triangle Breakout for Swing Trade- Ascending Triangle pattern breakout with the promising volume on the breakout candle
- Stop-loss is placed at 3% of the prices below the breakout level
- Risk to Reward ratio is attractive
-Width of the triangle is projected as the target
- Scaling out can be followed
Swing Opportunity in GrasimGo Long above 1508.1 for Targets of 1555.2 and 1602.3 with SL 1461
Reasons to go Long :
1. Stock is taking support from the Trendline (marked with green color) and formed a bullish candlestick pattern Bullish Engulfing (marked with an orange circle).
2. Also stock is trading near a demand zone (marked with a purple rectangle).
GRASIM - Intraday - 1 Hour chart analysisGrasim can be traded intraday in coming sessions upon BO. if a 5/15 min candle closes above the TL.
Grasim (Long)Gave a very good bounce and a closing today.
Can enter long on pullback at 50-61.8% fibonacci levels.
Target can be either of the two trendlines.
GRASIN_UPSIDE MOVE FROM TRENDLINEGRASIM is currently taking a support of a trendline.
One can go long from here with small qty.
(for educational purpose only)
GRASIM at crucial level. Good opportunity with small SLGRASIM at crucial level. Good opportunity with small SL
GRASIM INDUSTRIESGrasim is respecting the trendline and also it is near the support of 1484. It can bounce from here for targets of 1522 and 1545. Above 1550 closing , 1600 levels can be seen in Grasim. Keep stop loss below 1480.
Grasim IndustriesInitiate long above 1488
RSI broke out, currently at levels of 54
Hold for target of 1559, 1603
Grasim, trying to sneak away!The progression of volumes itself is enough to let us enter the trade. For me personally, a tighter SL of 1393 is enough for a target of around 1665, safe traders can place a SL of 1354. RSI is also suggesting a move is likely as it closed comfortably above 60.
Short sell in index or equity stoploss 1545. On daily timeframe
Shooting star found
Double top found
Macd negative divargance found
Sell with Stop loss 1545
Target 1430 to 1400
Grasim Industries Swing Trade OpportunityAdd "Grasim Industries Ltd" | NSE: GRASIM to your watchlist. Good Swing Trading Opportunity if breaks the upper resistance as shown in the image.
It is forming an inverse head and shoulder pattern
Disclaimer: This is for educational purposes only. I am not a SEBI registered advisor. Please consult your advisor before investing.
Happy Trading and Investing :)
Grasim intraday idea for 23rd JunePossibly Grasim is going to have momentum tomorrow. Place SL@0.25% from the entry point as mentioned on the chart.
