GRASIM trade ideas
Grasim Short Term Trading Analysisa. Zone: Strong Bear
b. Resistance 1: 784
c. Resistance 2: 789.55
d. Support 1: 767.25
e. Support 2: 764.50
NSE:GRASIM
CORRELATION COEFFICIENTUNDERSTANDING THE RELATION BETWEEN INDEX AND EQUITY USING INDICATOR "CORRELATION COEFFICIENT".
INTRADAY LEVELS for WEDNESDAY 21/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade.
Grasim | big volume | Weekly Analysis Buy setup
1st target = 834.50
2nd target = 925.95
lot size = 950
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Grasim - Breaking out of a long term down trendWith everything resolved on the Vodafone front in Supreme Court things could now start to look u for this company.
Ultratech cement, its other holding its also moving up.
Once it crosses the 200WEMA things could change for this company which has been a major underperformer all this time while its prime asset Ultratech cement has been moving up.
Long at CMP as long as 770 sustains. First target 833 and then 960.
SL 3-5% below purchase price depending on risk appetite.
I am bullish on this company as long as it sustains above its 200WEMA which is currently 769.
INTRADAY LEVELS for MONDAY 19/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses.
Rounding Bottom patternThe stock is making a rounding bottom - might make a cup before breakout. Looks good above 777 levels.
