GRASIM has closed just below the long term downward trendline..above 920 it can zoom to 970 and 1000 in real quick time..
RSI is rising which can aid the upmove... Nifty is holding in higher levels which is a +ve sign.
Observe how price behaves at the excess area. It goes outside of what is perceived as value for price but it spends very little time there. It comes back down again to making rotating up and down moves which will consolidate the value area even more.
plan A: if swing high is broken, then go LONG at 942 and target is mentioned in chart
plan B: if swing high is not broken, and a red candle is formed, go short when the low of first red candle is breached. Target neckline of HNS pattern
Hi all, Watch out GRASIM Inverted Head and Shoulder upside thrust
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
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Bearish Bat pattern on 2H Chart of GRASIM INDUSTRIES. SELL 845-847.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
It is possible that Grasim completed an Expanding Flat Pattern and now that the C wave is done, it is most likely to go retest the previous low and beyond. A safe stop could be the High made by the C and the target being the 127 Fib.
Grasim giving good chance to positional short... First target 820 and second We can see 650 around in 1-2 months
Sl should be recent high 940-41
Trading is not easy, there is lot of up and down waves ... The time is most important in trading ...
Its depends on which timeframe you are taking trade ..15min , 60min, or 1D... Once we take entry.
We should have...