Grasim Trendline Break Out Trend Line out Support by strong RSI
Levels are mentioned please trade as per your risk appetite
GRA92 trade ideas
GRASIM... PARALLEL CHANNEL BREAKOUTThe chart of Grasim looks somewhat similar to the chart of Dixon.
Grasim has been consolidating within an ascending parallel channel since March and a strong breakout through the resistance trendline can be seen on Thursday's trade.
Good to enter for both short and long-term trades.
Targets- 1840 and 2000.
Add more if there is a retracement to 1680 to 1700 levels.
Should be an easy trade.
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Ascending Parallel Channel Breakout in GRASIMIn last trading session GRASIM gives breakout of ascending parallel channel's resistance line. After this breakout expected this will continue it's bullish rally towards the 1915+ in next few trading session. We can go long in this stock with stop loss of 1680 for target of 1910+ for short term.
GRASIM INDUSTRIES is ready to construct a new infrastructureThe stock has given a breakout from ascending channel.
Keep an eye on it!
Do your due diligence before taking any investment decision.
Keep learning! Keep growing!
GRASIM CHANNEL BREAKOUTGRASIM channel breakout on daily time frame. Wait for it to retest the channel to take long position.
What next in Grasim ? Positional Trade NSE:GRASIM
Grasim followed Fib retracement perfectly. As per given in my previous idea it took good support from 61.8% level range.
Please refer below chart.
Now what next?
Just simply if we apply the same level range of FIb retracement then we can see below levels.
This levels will be for short to mid term positional trade.
Sustainable Breakout of 1700 level will lead it to 1759 easily and we can see 1800 level in mid term positional long trade.
Please refer below chart.
you can also refer my previous idea of Grasim in Link section at the end of this idea.
GrasimGrasim :
1. at the edge of upward channel breakout.
2. InHS pattern breakout with retest.
3. My favorites apna wala candle formation good for 2marrow and nxt 5 days only above 1660 can move 3 to 5% its positional idea.
GRASIM 1H TFGrasim currently retraced back and taking support from it's 61.8% Fib level (1590). It is good to enter this stock for some short term gains.
CMP :- 1600
SL :- 1580
Target :- 1700+
R:R :- 1:5
Grasim Industries (Daily TF)Keep an Eye
The Stock is consolidating in Bullish Channel Pattern
Wait for Candle to settle above the channel
Positional Trade
suport at moving average can go for longlevels to enter ...................................................................................................
Grasim - Rising WedgeGrasim :
Rising Wedge in progress
Long above 1670 with a SL 1650
1700 is a crucial region for Breakout (or) Breakdown
Grasim IndustriesGrasim Industries Short Term Buy
Grasim Industries Fibonacci Setup buy above the golden ratio 0.618
Simple Trade Setup | GRASIM| 11-10-2021 [Intraday & positional]NSE:GRASIM
Observations:
1) On 1 day time frame, if we apply fib retracement for recent swing from low to high we can see that it is just above 61.80% level of FIB Retracement and level of 1590-1591 will work as good support now.
Please refer below chart : 1day Time Frame.
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One can enter for positional trade from CMP with Strict SL of 1580 for the up side target of 1700 in short/mid term.
But Safe positional buy trade entry will be once it maintain to close above 1620 level sustainably.
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Trade Setup for Date 11-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
GRASIMShort term view on Grasim. View are for educational purpose only, please consult your financial advisor before taking any trade.
Parallel Channel analysis with VWAPIn this article, we analyze NSE:GRASIM using VWAP and parallel channel.
A parallel channel consists of two parallel lines and a middle line which is equal distance from the upper and lower band of the channel. All of these three lines can work as great support and resistance as you can see in the chart.
Along with candlestick patterns I like to use VWAP to make entries for my trades (Intra / positional)
How can we use channel pattern and VWAP for confirming entries
If the price finds support at the lower band of the channel we wait till a candle closes above VWAPto make a long entry, the target can be middle line.
If the price resists at the upper band of the channel we wait till a candle closes below VWAP to make a short entry, the target can be the middle line or the lower band as per price action.
Similarly, we can use the middle line of the channel to make entries.
Now for the analysis of Grasim industries, we will use a similar approach. On daily time frame strong selling can be seen ( Candle with long wick above the small body) if price sustains below VWAP and uses it as resistance and breaks the channel from below we can expect a downward move of up to 2%.
Profit booking and SL as per emotions. (I generally use VWAP as a SL too)
views only for educational purpose
'GRASIM' SWING TRADEBuy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
