Sell below 1050 with the stoploss of 1065. Targets are 1030 and 1015. Above chart tells the detail and use it for your trading plan. Always follow your trading plan.
after two weeks of consolidation price made an high of 1095 and 1097 twice, and on daily chart it has made bearish engulfing pattern. 1047 is the key support level for Grasim, price may consolidate here in this range to make next move, if it doesnot hold this level and make a move next higher, it may be failed price action.
It is been observed on the Monthly Chart that the price action is trending up by making higher lows and higher highs (indicated on the chart with a long upward moving arrow). Hence it is providing a good investment opportunity at current levels. It is also fundamentally strong company and with interest rate and inflation going down shall benefit the company's...
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.
Hello friend,
Grasim is just came from touch the resistance level and going down further, if any body want to take advantage and go short of this correction, may be he will be wise person as called as smart trader, it is a small target target and please hold for 3-4 days.
It is been observed on Weekly chart that the price action forms a bearish pin-bar candlestick pattern indicating rejection of higher price action and seller dominance over price action. Now, it shall further move down to next support levels.
Target 1: 800
Target 2: 750
Stoploss: 880
With the recent news of merger of adityabirla Nuvo - ABIRLANUVO and GRASIM sentiments are hurt. The Big Players are getting replaced with this decision. Both the stock will go down technically, however, the business model are similar and hence will help the company as a whole. Particularly Second quarter results or Half yearly result of the merged company will be...
