GRA99 trade ideas
GRASIM TRADE PLAN: 29 JUL 20 ONWARDSApproaching resistance plan accordingly
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Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
grasim is on major support levelhello friends ,
as you can see grasim is on major support level 578-582, if its breaks their support level we can see major downfall
if it sustain on support level for buy side wait for volume breakout on trend line
thank you for daily stock ideas and analysis follow me
GrasimBuy above 577 with the stop loss of 572. Targets are 582, 587 and 592.
Sell below 567 with the stop loss of 572. Targets are 562, 557 and 552.
Grasim Industries - Positional buy above 598.80Grasim Industries - Positional buy above 598.80, Target - 617 & above , SL-580.
GRASIM TREND ANALYSISTrade with the trend, place your targets and stop loss according to support and resistance drawn.
Grasim share to take long entryonce again we can take the long entry above the level of 610 in Grasim stock. In daily chart the trend line has been broken & the stock trading around the 20 EMA Level & can see more strength in the stock for the target level of 630 & 645 level . So add the stock in your watch list to see the price action movement in 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 .
GRASIM1) if opens flat , go for long ion buillish signals
2) if gap down , wait for it to take support and then go long
GRASIM BUY AND SELL LEVELSGRASIM BUY ABOVE 596
TARGET: 599, 603, 606
GRASIM SELL BELOW 590
TARGET: 587, 584, 581
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GRASIMEntry at CMP ( 594 ) , stock might make a move towards 601 followed by 611
Stop Loss : 589
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 industries cup and handle pattern 15 min time frameAfter a continuous downtrend market tend to pause and form a cup and handle pattern in 15 minutes time frame.it can give a short up move .
All I see is BoxesAnother Darvax box pattern.
Stock is having a good r:R.
I will update if I take a trade.
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Grasim - Channel Pattern - DailyBuying Pressure can be seen at the lower end of the channel. After clearing resistance stock may touch L1 and L2.
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.
