GRA92 trade ideas
Grasim Industries Ltd.- Ascending Triangle on Daily ChartGrasim Industries Ltd. was in a consolidation after an amazing rally. The consolidation got a breakout on the daily candle on Friday 4th June 2021 and closed at Rs.1503.25 with volume support. The flat resistance line and rising support line formed the ascending triangle on the chart. I anticipate the price target of Rs.1688 in 14-18 daily candles. I suggest the stop loss at Rs.1479. This gives the risk-reward ratio of 1:13. The stop loss should be followed for the first four daily candles. Thereafter the profit booking/ exit decision should be based on downward crossover of 26 EMA by 5 EMA.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
Grasim Industries - Daily chart breakoutDaily chart of Grasim Industries looking good after a triangle breakout.
Target: 1700
SL: Below 1350
Note: For educational purpose only.
#Grasim cash : Looks good around 1487-1490#Grasim cash
06.06.2021
Looks good around 1487-1490
Stoploss 1460
target 1540/1580
Cmp 1503
GRASIM | SWING | IntradayGrasim Breakout on the daily chart. Position above 1508 for swing/intraday trading.
Grasim Trading ATH with multiple bullish signalsGrasim records ATH and done retracement and then registering HH with
Trend line break out
Bullish Spike (Price rejection/Bullet) Formation - Very good signal for bullish trend
Resistance break out with high volume and trading all time high
Entry marked on chart.
GRASIM GAVE BREAKOUT , GO LONG GRASIM WAS FOLLOWING ITS LONGTIME UPTRENDLINE BUT COULD NOT BREAK ITS RESISTANCE OF 1475 PREVIOUSLY, BUT IT NOW BROKE ITS RESISTANCE ,RETESTED IT AND GAVE CLOSING ABOVE IT , NOW ITS READY TO CONTINUE ITS UPTREND ,
ACCORGING TO FIBBO ;(SINCE ITS ON ALL TIME HIGH)
THE TARGET WE CAN EXPECT ARE : 1600,1800
STOPLOSS MAINTAINED @1452
GRASIM: 2 months VCP Pattern BreakoutGrasim has consolidated for 2 months and has formed a base.
Price Volatility has contracted from left to right creating a Volatility Contraction Pattern.
Buy Range: 1482-1556
Sl: 8% Max
Target: 15%
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
Buy Grasim Industries Hey Guys,
Grasim Industries gave breakout of triangle pattern and which clearly denotes upcoming levels of 1600, 1700, 1770 so buy for the momentum now otherwise you may loose this opportunity to gain more with momentum
grasim long (all time high )Grasim has given ascending traingle breakout .
Trade can be taken for 5-8 % profit .
Not a trading call just for learning purpose.
Note :-
Considering all time high . There is always a risk of fall .
Grasim : Double bottomGrasim has starting showing positive movement after Q4 results.
on DTF it is making cup and handle pattern along with the double bottom confirmation.
Stock is good in fundamentals and ready to move higher once crosses the 1470-1480 levels.
DISC: For educational purposes only.
Ascending triangle patter breakout CMP: 1503.25, T: 1700, SL: 1420
STUDY: Ascending triangle patter breakout
Options trade GRASIMShort below 1280.
Sell 1300 call option=Investment for selling-285000/- Premium gaining 25000/-.
Buy 1250 Grasim Put option below 1280.
Exit with 30-40 points within expiry.
