GRA92 trade ideas
GRASIM showing a negative signalNSE:GRASIM is showing a negative signal as resisting from an upper trajectory, can be an opportunity to short. The target is 1550-1525. It's just my analysis
DO like it seems worth!!!
Thanks
GRASIM formed INVERSE HEAD & SHOULDER (D) 1. MARKET is clearly UPTREND
2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE
3. SIGNALS formed at 50%FIB (SUPPORT):-
(i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross)
(ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross)
WHAT NEXT?
INVERSE HEAD & SHOULDER has allready given BREAKOUT @ NECKLINE.
INVERSE HEAD & SHOULDER upon completion, signals a BULL MARKET.
TRADERS typically ENTER into a LONG POSITION when the price rises above the RESISTANCE of the NECKLINE.
So either we can enter the trade with appropiate STOP LOSS or can enter after RETEST.
TARGET :- 160POINTS
NOTE:-SIGNALS like PINBAR/HARAMI/ENGULFING at 50/60%FIB or S/R level or S/D or MA cross increases probability of our trade.
Lower Head And ShoulderIt is just for educational purpose do not Trade according to this.
There is a Head & Shoulder formation From July 22
[POSITIONAL] GRASIM SHORT BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Head should pattern breakout The stock has created a clear inverse head and shoulder pattern breakout. Could rally more. Sharing only for educational purpose.
check this out guys Is it forming a cup and handle formation , is it came down to recheck the level ?
GRASIM Bullish Channel GRASIM BO above 1685 from the parallel channel pattern. Swing / Intraday traders can watch out for the same.
Gasim to take longInverse head & shoulder pattern can be seen on daily chart of Grasim. Very bullish stock to take long entry between 1600-1610 for the next target of 1650-1675 with SL of 1580. Good risk to reward trade . Good volumes can be seen with RSI above 60 level. High probability trade. This is for your educational purpose only.
Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]NSE:GRASIM
Observations:
1) One 1 hr time frame,It made inverse head and shoulder pattern and given breakout of it on 24-09-2021. And it closed above the neckline of it.
Please refer below chart : 1 hr time frame.
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For Positional Trade for short-mid term target on long side will be 1700- 1720 - 1750. SL will be 1580.
Major resistant at 1660 level.
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Trade Setup for Date 27-09-2021:
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.
GRASIM cup & handleNSE:GRASIM
GRASIM forming CUP and Handle Patter.
if it sustain above 1617. we can see good move soon
Grasim Breakout daily time frameaftera long long consolidation grasim is ready for BO. if sustain above 1640 with high volume...make long position
Grasim AnalysisGrasim has given a breakout at the level 1620
It may retest the support downwards around 50 EMA or from the trend line. It can also take the support from the breakout level, but will definitely hit the target
Traget :- 1800
LONG ON GRASIMGrasim with an inverted head and shoulder pattern!
It can be the movement where it can continue making its ath!
Stay cautious of the upper resistance of 1696!
Short termChannel Pattern can be seen on daily chart on grasim. If it breaks channel pattern with great candle , solid volume and rsi will be above 60 the go with long time range 0-3 Months.
Buy above 1691
stop loss 1629
Target 1893
This for Educational purpose.
Ascending triangle and resistance breakoutReady for resistance breakout in ascending triangle pattern, this pattern gives more faster profit if successfully done.
Take a trade by taking 1525 às a stoploss.
Buy Grasim IndustriesApparently H&S pattern with new good strength. good for short term and long term as well .
enter with Sl 1525- 1530
