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GRASIM INDUSTRIES LTD.GRASIM INDUSTRIES LTD.GRASIM INDUSTRIES LTD.

GRASIM INDUSTRIES LTD.

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GRASIM trade ideas

Long on Grasim IndustriesHey Guys, Get Ready for Upside movement in Grasim Industries as it retested very well its breakout area now it is ready for targets of 1550, 1600, 1700 and many more today it was doing very well but due to sudden pressure in Nifty it shades off too its gain due to selling pressure which is highly unlikely not possible to take nifty below 15500 and 15500 levels so its time to buy if you missed earlier then it is golden opportunity to buy it now for upside movements for any other help you can contact me 86838-63940 for any further help and do follow me
NSE:GRASIMLong
by JSL_3940_
GRASIM ACCUMULATION BREAKOUT PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC- : The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. Firstly GRASIM has been rallying since a long while. With a hell lot of green volume it has been rising. Recently it took a pause to consolidate. Now a consolidation can be either accumulation or distribution. We observe the recent consolidation volume to be the highest since the rally began. So it is either accumulation or distribution. But I would bet on accumulation because-: (refer to point 2 in volume profile) IMPORTANT OBSERVATIONS-: 1. The consolidation happened in an up-sloping, triangular manner i:e higher lows and faced resistance at the same 1500 level 3 times making the resistance level strong. 2. 3 times tested resistance line was broken with nice volume. Moreover each time it retraced it was on low volume. This gives us confirmation of an accumulation region along with breakout TARGET Now the accumulation has a lot of volume, the highest since the rally started. So it makes sense to assume the current expected rally should be at least of that maginitude. More the accumulation, greater the strength, so the more the move. So I used a Fib Extension from the recent accumulation region and a target of 100%(at least) Entry Confirmatory breakout has happened but price is still there giving us space and favourable RR ratio to enter. So entry at CMP . STOP-LOSS Since we are expecting a nice uptrend to continue with target high enough and again as it is swing trade, a conservative stop-loss will be better Since 1260 is a nice support levels and just above the previous small, minute pause during 2Feb - 1Mar 2021, so i would prefer the stop-loss around that level. Keep trailing stop-loss as per you strategy. Using Moving Averages with ATR( Average True Range ) as buffer is one of the ways. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:GRASIM
NSE:GRASIMLong
by VPA_TRADER
5
Grasim Industries Ltd.- Ascending Triangle on Daily ChartGrasim Industries Ltd. was in a consolidation after an amazing rally. The consolidation got a breakout on the daily candle on Friday 4th June 2021 and closed at Rs.1503.25 with volume support. The flat resistance line and rising support line formed the ascending triangle on the chart. I anticipate the price target of Rs.1688 in 14-18 daily candles. I suggest the stop loss at Rs.1479. This gives the risk-reward ratio of 1:13. The stop loss should be followed for the first four daily candles. Thereafter the profit booking/ exit decision should be based on downward crossover of 26 EMA by 5 EMA. NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
NSE:GRASIMLong
by ShriramN