NSE:GRASIM
Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.
Buy at cmp
sl close below 2360
easy tg - 2400
tg2 - 2430
Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Grasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally.
Reasons are listed below :
The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the...
After a long consolidation, stock has given breakout from its Rising channel pattern and has given confirmation for breakout by a Doji and Marubozu. From the past 3 days, buying volume has been increasing consistently. Stock is trading above all its EMA.
Currently Stock trading at 2386.60 with ATH closing.
One more Birla stock to enter in cash market.
Long Grasim at current market price and hold in cash market until breaks previous market structure.
Happy trading!!
Only for educational purpose.
in this stock type i am expecting little bit down side movement with my knowledge.
Kindly do your analysis also and trail your stop loss accordingly.
Do calculate the Risk & Reward Before trading.
regards
trade tales with SK.
Spotted -bearish harmonic pattern - in weekly time frame
Let us observe whether the harmonic pattern is valid or invalid.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST based on what I publish here.
I am not responsible for your loss or gain.
Inspired by - Trading Mirror Telugu
📊 Script: GRASIM
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2287
🟢 Target 🎯🏆 - 2410
⚠️ Stoploss ☠️🚫 - 2241
⚠️ Important:...
📈 Stock Name - Grasim Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2290.
🚨Disclaimer: This is not a Buy or Sell...
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from resistance area and possible to reach immediate support.
2) if breaks the support line we are good for sell entry for the target.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please...
Exit your long positions in Grasim Industries below 2220.65 as marked by the horizontal line. Please do not get trapped. Time candle has also been marked on the chart.
Disclaimer:
I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any...
Grasim industries has good bulish flag pattern breakout. Above 2226-2245 closing can give good upside in the future. and also retest done very good move chance to breakout all indicator is show strenth but one thing market is life time high no one perdict how much point going up but one thing note always when market is fully high and you are swing trader so...
The rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by converging trendlines, where both the support and resistance trendlines are sloping upward, but the slope of...
Buy around 2045 upto 2035
sl close below 2030
easy tg - 2070
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
