Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
Closing Range - 19700/19921
Extended range - 19618/20003
Bearish Harami formed in the previous session was negated today by a bullish hammer. The volumes are slightly better than yesterday's session. We again saw Indiavix cooling by another 3.5%. All these indicate a restricted downside. Nifty took resistance at the middle of the newly identified upwads channel....
ABCD pattern under formation
RSI bullish abv 60 on all time frames
tgt D Underway bullish with buy on dips
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks....
GRASIM looking good in weekly time. And wait for first green candle for confirmation.
buy after above weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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Chart is self explanatory.
It is not an investment advice. Only for Educational purpose.
Kindly do your own research before buy/sell decision.
Thank you!
Grasim (29 September 2023)
Head & shoulders Pattern in weekly chart
Buy at CMP -1940 or around 1860
SL - 1780
Target - Trailing
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
An On Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:GRASIM
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Daily closing...
The stock has formed a cup and handle pattern and has faced resistance several times at 1868 levels . also a small cup and handle pattern is being formed under the big one the stock can give 30 % returns in no time also the volume has been unprecedented
Grasim has broken out of previous resistance after a year.
Fundamentally good stock for long term view.
Disclaimer: View for Educational Purpose Only, Not to be taken as trading or investment advice.
Grasim on weekly TF looks mouth watering, it is showing a textbook style triangle breakout.
Make positions at current levels, if it traps then make positions around the range of 1850-1900
Stop loss at 1750-1760.
Fibonacci targets are at 2050, 2250, 2500, 2850, 3500, 4100….
OR TRAIL USING 20/50 SMA.
