Grasim Short term Trade ideaPlease note, I am new to trading and all the ideas posted are for educational purpose only,
Here looking for advises and correction from experienced Community members/
GRASIM trade ideas
GRASIM On Daily charts, the stock has formed a BUtterfiy Bearish pattern and can retrace upto 860.
Charts are for Educational purpose.
Grasim intraday tradeGrasim has given a nice breakout on daily charts
if 15 min candle closes above 750 there are chances of given target
GRASIM : algo demonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
GRASIM 1DSTOCK:- GRASIM
CMP 906
TARGETS:- 950.50, 970 and 1020
SL:- 870 on closing basis
The stock has given a bullish channel breakout on daily time frame
The stock is now ready to inch further for the targets.
One can go long for the TARGETS
GO LONG GRASIMGrasim has given very good breakout after consolidation(build up) and made a new 52 week high. It can go up very quickly from these levels. Anyone can confirm brekout from lower timeframes.
Grasim Long...Entry above 863
SL below 759
continues trading above 21 SMA
if closing below 21SMA then exit from long
Grasim Industries going bullish!!A Flag & Pole pattern formed on 15 min and 1 hour time frame. Already given a breakout. Execution levels are provided and can be followed tomorrow.
LOOK FOR BREAKOUTS IN GRASIMGRASIM HAVE BEEN TRENDING UPWARD FOR A LONG TIME AND WAS CONTINOUSLY TRADING INSIDE THIS RANGE....NOW THERE IS A CHANCE OF BREAKOUT IN THE STOCK FROM THIS RANGE COMING DAYS..WATCHOUT AS THE STOCK HAVE A STRONG POTENTIAL FOR UPMOVE.....
Grasim Shortlisted for 26 Nov. FridayIntraday Call
Grasim
Short with strict SL If breaks resistance than BUY.
-MOHIT RAJANI
Resistance Breakout-GrasimGrasim looks strong after 836 level.
Buy Price-838
Target- 900 (1st Target), 920 (2nd Target)
Stoploss - 800
Duration - 5 weeks
Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
