#Grasim cash : Buy only above 1480.10#Grasim Ind cash - Positional
30.05.2021
Looks good only above 1480.10
stoploss 1464
Target 1508/1540
(Risk Reward 1:2)
Cmp 1465.45
GRA92 trade ideas
GOING T0 BOOM AFTER THE BREAKOUTMOVE CAN BE EXCEPT AFTER BREAKEOUT THE RESISTANCE
FORMED MORNING STAR IN WEEKLY CHART
ASCENDING TRIANGLE FORMING
PLZ DO UR OWN ANALYSIS THEN TOOK TRADE
GRASIM 1D TF Grasim Was amongst NIFTY's Top gainer as on May28,2021 with a change of 3.41%. Q4 profit rose 13.3%.
Technically it has breached the 0.618 extension level, the spike in volume followed by the candlestick are indicative of a bullish move.
Grasim Industries is at Crucial Resistance1)resistance zone is very crucial ,
2)formed on all time high
3) if this level breached than we can expect a big sharp up move for a short term
Ascending Triangle - Positional TradeDuring the last sessions, the stock has shown good upside momentum. Wide bullish candles supported with strong volumes. If the ascending triangle is broken with the strength we can enter with a small stop loss.
Grasim - ready for jumpGrasim is trying to give breakout above 1480 with volume.
Soon after breakout, 1525, 1550 & 1600 tgts are on the chart.
its uncharted territory, and 52week breakout.
Grasim cup and handle patternPerfect cup and handle pattern completed in Grasim daily chart. Height of the Cup is 215 points which could our next target from current levels. Maintain SL at low of the handle at 1350 on daily closing basis.
Grasim BreakOutTrading Above all the Major EMA levels
Crossing above previous swing high of 1475 is important
Watch Fibo retracement and extension levels for support and resistance
Breakout on the charts and the diagram itself is explanatoryBetter results and can see a good Jpmorgan e from here
Watch for CUP and HANDLE BREAKOUT !Grasim has formed cup and handle pattern and stock is almost at the neck line. Good target can be achieved if it gave a breakout with good volume. Note that this analysis was done by me only for educational purpose. Feel free to give and feedback.
Grasim Cmp 1466 dated 28.5.2021 Grasim Cmp 1466 dated 28.5.2021
1. Rectangular break out above 1475
2. Cup & Handle break out above 1475.
Buy for a tgt of 1590-1690 SL 1410
It is just a view, pls trade at your own risk.
Break out possible volume supportingBreak out is possible of the neck line since thevolumes are supporting it.
Only for educational purpose.
GRASIM 1 DAY CUP HANDLE PATTERN SEE THE CHART MY TECHNICAL ARE THERE 1 DAY TIME FRAME FOR GRASIM BREAKOUT.
Double Bottom / Cup & Handle breakout OpportunityGrasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.
Buy Grassim - A prfact break out candidateTechnical indication
- Perfect break out candidate
- RSI break out (60+)
- Near to 52 week high
- Up with Volume
- Traded above all MA
Candle stick pattern:
- Three White shoulder pattern followed by dragonfly doji
Closed above 1473 will fly up to 1685 sl 1420
Grasim for positional .Grasim is seems to be bullish with head and shoulder pattern breakout for positional target of 1540
