GRA99 trade ideas
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.
GRASIM DOUBLE TOP SELL SET UPHELLO FRIEND
HERE IS DOUBLE TOP SELL SET UP IN GRASIM INDUSTRIES BELOW 1400 SPOT LEVEL WITH SL OF 1480 FOR THE TGT OF 1210.
HAPPY TRADING.
#Grasim cash : Looks good sell around 1425-1430#Grasim cash
14.05.2021
Sell around 1425-1430
stoploss 1445
Target 1395-1400
Risk free below 1395 for 1376/1352
Cmp 1410
Grasim Double Top - Risky ViewGrasim : (Risky view)
Possibility (Positional )
Double Top Formation
Can fall
Weak below 1385 with a SL 1480
Long side GrasimSwing trade Holdings
Entry : 1410
SL : 1398-1399
target : after break out needed to decide probably around 1500 -1550 - 1600
actually it did break the HH by crossing all-time high of 1471 but didn't sustain now came back near entry level !!!!!
this level is a support region and also is a EMA 30 min support which is a strong resistance
If anyone want to enter can enter with your own risk and strict stoploss at 1398 -1399
Grasim : New ATH soon? Grasim, BO don already, retest done. Now ready for new ATH with SL 1400
For Educational purpose
GRASIM Looks Good !!!GRASIM : cmp : 1414.55
Closed above the resistance zone of 1390-1400.
Good support near 1360-1380.
So good to grab on dips for the TGT of 1440/1468
Sl 1388 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Long Grasim Long Grasim above 1423 SL 1410 TGT 1455-1470 . Stock at resistance level BO & in uptrend. This is for your educational ideas only
STOCK FOR TOMORROW GRASIM AND SUPREME PETROGood evening all dear investors and traders, for tomorrow Grasim can be on RADAR. If sustained 30 minutes candle above 1410 than first target is 1427 and than 1470+.
SUPREME PETRO (SUPPETRO) IF SUSTAIN ABOVE 696 CAN MAKE HIGHS KEEP SL 696 . whenever I say if sustain I mean to say is sustaining more than 30 minutes candle. i believe in less trade but sure trade.
I have only express my ideas this is not any advise of tip take your own decision we are not responsible for anything please.
Regards.
Mukesh Hotchandani.
Time to go South !!NSE:GRASIM
all details mentioned on chart
for SAFE traders trade following contracts
BUY 1300PE MAY
SELL 1200PE MAY
use opstra.definedge.com
to compute your max profit/loss per entry
Grasim long Bullish divergence+ trendline break
Target 1- 1350
Target 2- 1398
In the hour time frame
Clearly a uptrend in grasim.1-hour Breakout clearly shows an uptrend with volume supporting it.
1320 is an immediate resistance that will act as 1st target.
