GRA92 trade ideas
GRASIM FORMED A MORNING STAR CANDLESTICK PATTERN Today GRASIM formed a morning star candlestick pattern. Tomorrow it may be a good buy.
GRASIM is Making Ascending Triangle Pattern (Breakout Trade)Grasim Industries Limited : Textile Industry Company ( NSE:GRASIM ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Grasim Buy the breakoutWe have a bullish Structure. It may breakout tomorrow or in a day or two. So, keep in watchlist.
Bought GRASIM ---- Volume & Resistance Breakout i was banned for violating house rule so i am republishing again without any alteration
Bought @ 667.90
target @ 733.25
lot size = 950
points gain = 66
GRASIM is in the verge of Multi Year breakoutIn the monthly chart NSE:GRASIM looks like going to breakout.
It has to close above 710 consistently for at least 3 days. Resistance would be around 800 and 830.
See the chart
GRASIM INDUSTRIESA decisive move above 729 , stock can make a move to 744
Stop Loss : 718
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
GRASIM TRADING NEAR ITS SWING HIGH, MAY GIVE BREAKOUTGrasim has been performing well, looking tat thr volume structure and strength in the trend one can go long only if sustained above 732.
GRASIM | SHORT TERM CHANNELIt may fall up to its weekly support. Its better to short whenever it touches its high level of channel.
GrasimBuy above 705 with the stop loss of 699. Targets are 711, 717 and 724.
Sell below 695 with the stop loss of 701. Targets are 689, 683 and 675.
Grasim Short Term Trading Analysisa. Zone: Strong Bear
b. Resistance 1: 717.60
c. Resistance 2: 723.60
d. Support 1: 693.45
e. Support 2: 663.30
NSE:GRASIM
Grasim | Long | Short Term ViewGrasim Has broken through the Supply Zone and broken the ascending triangle and now created its new short term demand zone
Look for a pullback .
Recommendation
Entry should be some where between 644 to 654
Stop Loss 608
Target - 729
Key Factor for consideration
High Volume
Strong breakout
Triange pattern breakout
Hugh Candle formation
Grasim-Breakout of a very long term falling resistance lineGrasim-CMP-706.50 - Broken out of a very long term falling resistance line. Also adaptive RS and Static RS crossed above Zero line. Volume is also supportive. Vodafone-iead resolution is additional relief for it. 1st target-830 & SL-660. Risk reward 1:2.
On the verge of break out of very long term falling resistance Grasim-CMP-706.50- On the verge of breaking out of a very very long term falling resistance line. Adaptive RS and static RS both above Zero. 1st target Rs. 830-840 for positional traders.
This is for learning purpose only and not a recommendation to buy or sell.
GRASIM INDUSTRIESA decisive break above 683 , stock can make a move towards 693/704
Stop Loss : 671
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
GRASIM Trendline Break Out.Grasism has broken and is trading over its daily TL. Level above 710 can be seen in a short duration.
