BuyFrom this level stock can reverse or break that trend line upside then after retracement we can make long position
Or if it break dotted trendline downside den we can sell......let's wait for breakout on either side
GRA99 trade ideas
Grasim - Positional ViewGrasim :
Positional
Ascending Triangle Breakout Possibility
Long above 1485 with a SL 1425
Grasim Ascending triangle pattern on Daily chart.Looks good at 1466 level trendline breakout level
Stop loss 1430
Target 10%
Short GRASIMShort GRASIM
Entry = 1415-1425
SL = 1475
Target 1= 1270
Target 2= 1210
R:R= 1:4
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Grasim Trying for Breakout on charts
Chart pattern - Cup n Handle
Holding will give you good 15-20%+ returns in next 1 year TF
GRASIM
Grasim 1 Day time frame
Trading in ascending bullish pattern
Can see support at 50 EMA (yellow line)
Grasim | Plan and Logic🔰 Hello my friends, here is the story I see behind this stock:
⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern
= a really bullish sign :)
⭐A break from trendline = SL and but don't go short :)
⭐Pattern: ascending triangle
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Possible Bullish stockGrasim in 1 hr TF made rounded bottom, NSE:GRASIM current level will work as support for few days. Good for swing trade if it holds 1413 level.
Grasim- Potential Cup & Handle PatternGrasim is forming what appears to be a cup and handle pattern. Buy in anticipation of completion of this pattern.
Buy: Grasim
CMP: 1423
Target 1: 1590
Target 2: 1650
Stop Loss: 1365
Flag Pattern formation Prices fomring a flag pattern before making a new ATH .....
Lets see how the pattern unfolds
Grasim levels for 24/05/2021NSE:GRASIM
from 10th may to 24th may its a good pull back.
Daily RSI is at 46 which is generally a support range during pullbacks.
forming double bottom in 1hr chart with RSI bullish divergence.
after 1 30 pm It consolidated in a small range near the pullback down trendline and last 15min showed buying with huge volume breaking the range upside. A gap up open can confirm the trendline breakout but Do not go long immediately; It can retest the trendline also.
1383-1385 is a strong resistance region .
a 15min close above this level will initiate my long entry and i will check whether this level is getting sustained on 1hr closing basis also.
Then i will be interested to hold this stock for some more days.
This is my personal view on the stock. Trade at your own risk and knowledge.
Grasim levels for tomorrowNSE:GRASIM
Froming a dowble bottom.
a 5min close above the marked levels will confirm the pattern. Book partial profits at important levels and trail SL.
Bullish Div at 5min chart
Negative Divergence in Daily chart of GrasimGrasim showing weakness in momentum after a long run up to 1450 levels, currently trading at 1367.
Loss of momentum is evident in RSI divergence as pointed out on the chart.
One can look to short this stock with SL above 1450 on closing basis.
Note: Result is expected to be announced on Monday for this stock, so keep you risk under control.
Options trading plan:
One can Sell 1450 strike call @ around 14 And Buy 1500 strike call @ around 7.5
Lot size: 475
Margin required: (~) Rs 46000
Max reward: Rs 3087
Max Risk: Rs 20660 (Defined risk strategy)
Do you own analysis before action upon this idea. All the best.
