Grasim - Channel Pattern - DailyBuying Pressure can be seen at the lower end of the channel. After clearing resistance stock may touch L1 and L2.
GRA92 trade ideas
Stock analysis of Grasim Ltd.Grasim – CMP - ₹588.90 Dt. – 15-07-2020
On the weekly chart, you can see how the stock is falling since 2018. The stock has given closing below 20DEMA. A support level is placed at ₹581.15 and if the price breaks then it can go below ₹500 easily. Redline will act as a crucial support line but it will take a couple of months to reach there.
If some good news comes in coming days then the stock will face resistance at ₹635.10 and the upper yellow line will be a crucial point, if price sustains above upper yellow line then finally stock will come out of the bearish zone.
On the daily chart, CCI and MACD have given a sell signal.
Grasim in Sideways wait for breakout on either sideGrasim in Sideways wait for breakout on either side. Sell below 608 for a target of 600 and 597. And buy above 618 for a target of 623
Grasim IndustriesEWT wave 5 started.
TGT-1 of 470
TGT-1 of 370
SL of 640
positional trade for at least 2 months.
Grasim-Good Buying opportunity here above Green Line
Grasim-Good Buying opportunity here - Easy Intraday Trade if sustains above 614
Target will be around 618-620
Grasim Ltd Long @ Rs. 602.1NSE:GRASIM
Entry 602.1
Target 664.8
SL 584.8
Grasim is CMP Rs 623 and price is faling from previous peak, one can take long position at 602.1 , stock has DZ 590.5 to 598.5
so probability of profitable trade is more and reward to risk ratio is good. overall stock is in uptrend for medium term.
Stock idea is for cash segment buy and hold in delivery.
Disclaminer : Above is stock idea for education and technical analysis purpose not an advice.
consult for fiancial advisor for advice. author can also enter in trade at above prices.
Recently Closed Position:
RIL>>1849-1705 = 144/1705 = 8.44% Gain in 12 days
M_M >> 564.8-505.1 = 59.7 0r 11.8% Gain in 12 days
ITC>> 5% as divident.
Grasim : 4H ; Buy coming soon at around 600. Take profit at 700+My wave analysis suggest a buy coming soon as per chart.
Ofcourse, wait for a reversal pattern and then have a trade setup to buy.
No reversal pattern and/or no Trade set up - do not buy.
Happy Trading.
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GRASIM: BreakoutNSE:GRASIM
Mostly will be a breakout if not sideways with a gap up.
Caution: Choose after self analysis and self confirmation.
Other Possible Breakouts:
SBIN
ZEEL
UJJIVAN
EQUITAS
HDFCLIFE
BANKBARODA
LICHSGFIN
PETRONET
Buy GRASIM above 930Forming a wedge pattern breaking this wedge pattern can give a good upside momentum.
Cup and HandleStock is showing cup and handle chart pattern.
Will be a good long.
I am already in it.
Use proper risk management.
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buy Grasim around now or on dip 627buy Grasim around now or on dip 627
low risk trader above 634
SL 621 600 is strong support
T 643 662 685
Grasim stock in bullish modeClearly, We have seen the daily chart of Grasim is in uptrend & trading in the range since past few days. Trading is the range means something going to BO or BD at certain level. This stock is hitting the Resist.zone @ level of 630 again & again with the support of 50 EMA level. So possibility that the stock will ready for the BO from the area. So long entry can be taken above the 633 level in next trading session with the target price of 645 to 652. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
GRASIM ASCENDING TRIANGLE BUYBUY GRASIM ABOVE BLUE TRENDLINE WITH CLOSING CANDLE OF 1HR TIMEFRAME.
SL-609
TARGET 1-670
TARGET 2- 690
TARGET 3-700
