GRASIM trade ideas
Grasim Industries - Cup & Handle FormationSuperb pattern forming - Cup & handle.
SL and targets on charts.
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
Bullish pennant pattern reversal in GRASIMGRASIM
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 1785+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 1995+.
Double bottom Pattern breakout in GRASIM.GRASIM
Key highlights: 💡⚡
📈 On 30Min Time Frame Stock Showing Breakout of Double bottom Pattern .
📈It can give movement upto Breakout target of above 1780+.
📈 Can Go Long in this stock by placing stop loss below 1730--.
📈 Breakout this can give risk:reward upto 1:4+.
GRASIM CASe studyGrasim spot cmp 1750 levels
cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation
symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels.
decisive breakout on any side would lead to a move of 8-10% on either side.
pre assumption of harmonic pattern formation. if the formation goes according to ploting, counter would give sharp retracement to levels of 1450-1500 levels,
elliot wave suggest counter is trading in 5th wave of motive phase, now as there are cofluence of resistance around 1790-1830 levels wave 5 can be trucated in nature and soon the motive phase might come to end, now if happens so motive phase would lead counter to good retracement levels,,
time to book you long position on every rally, now investment should be considered only above levels of 1835 on 2 consecutive close,
Bulls need to be cautious at current juncture.
Grasim Long entry in 1hr Time FrameCup and handle pattern formation in Grasim 1hr Time Frame chart and Inverse Head and shoulder pattern and small consolidation,
Higher Time frame trend also looks strong, if 1hr candle closes above 1775 then it can go for 1820 levels,
if it continue and break 1850 levels then we can see 1900 level in very short time.
(this cup pattern sits with inverse head and shoulder patter in daily time frame)
--Educational purpose only.
Grasim - Cup and Handle formationGrasim is forming a cup and handle pattern on the daily charts and once it breaks the 1830 levels (which is a main pivot level as it forms the ends of the cup), a significant up move can be expected. Given that the RSI is also crossing 60, breaching of the 1830 levels can be expected in the next 1-2 days.
Following the breach, the first major resistance will be at the 1890-1900 level, which is close to the all time high and also matches the 0.5 level of trend based fib extension. Hence this can be considered the 1st target and 0.786 and 1 levels considered T2 and T3 respectively
Grasim-Cup and HandleGrasim forming cup and handle pattern. On the verge of breakout which can move it towards 1900+ levels and then towards ATH.
cup and handle pattern for swing trade#GRASIM cup and handle pattern for swing trade
buy if close above 1825 price on daily candle
target 2000
sl: as per your risk
comment your stock for analysis (no for intraday )
Grasim H&S pattern in Daily candle chartThis is the daily view of the same Grasim H&S pattern. Go long for a good 28-30% upside as per pattern. Trail the stop to capture bigger moves in coming times.
Head and Shoulder pattern in GrasimHead & Shoulder pattern in Grasim weekly chart. This will be a long position. Normally, with the tailwinds in manufacturing and infra development, cements are poised to do good.
Grasim Cmp 1680 dated 13-10-2022 CONSOLIDATION BOGrasim Cmp 1680 dated 13-10-2022.
1. Consolidation BO above 1685
Buy above 1685 for target 1705-1730-1750-1770
1790 SL 1630
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
#Grasim Cup and Handle Pattern#Grasim Cup and Handle Pattern
Target-1800+
SL-1660
CMP:1717 @ 25 October 2022
Grasim Big Move is on the wayGrasim consolidating in a uptrend, either upside or a downside move is coming.
GRASIMDownward Channel is breaking on the upside.
target of 7 % from the levels mentioned in the chart.
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
Please do share your feedback with us, we are more than happy to help you out, and do not forget to subscribe to our channel.
#StockRecommendations #StockMarket #Trading #IntradayTrading #Buy #Accumulate
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
GRASIM Looking Good for Intra Grasim Strong in Higher Timeframe crossing zone can give quick Momentum points on Upside
GRASIM LONG TRADE (Intraday OCT 10)Grasim has taken support from the daily level and in 15 min it has made Head And Shoulder pattern. Now it could continue upside . Thank you !
GRASIM: Evening Star with ResistanceStock has formed a reversal candlestick pattern which is known as Evening Star on weekly time frame. Also there is a horizontal resistance which suggests that the trend developed from the bottom of 1274 is exhausted and stock is ready to turn from the current level.
In the Evening Star Candlestick Pattern, the first candle closes bullish and the second candle closes with a small range and, the third candle closes aggressively lower (more than 50% of the first candle).
Evening Star Explanation:
In the Evening star candlestick pattern, the first candle shows the buyers are dominating as the price closes higher.
On the second candle, there is indecision in the market as both selling and buying pressure are in equilibrium (that's why the range of the candle is small).
On the third candle, the sellers win the battle and, the price closes lower.
Trading Strategy: Keeping SL of 1790 go short on current levels and look for the target of 1590/1550
YR 2022 Idea #156: Long on GRASIMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
BULLISH on GRASIMNSE:GRASIM
The price has given the breakout from the trendline. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 1 to 6 months. The SL levels is 1561 and the target is 1990 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
Falling wedge pattern in GRASIM.Discription:
Stock Name: Falling wedge pattern
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Entry: Breakout entry above 1740+
Target ; breakout target above 1800+
Grasim Ltd 1744 dated 16-9-2022 SELL DOUBLE TOP
Grasim Ltd 1744 dated 16-9-2022
1. Bearish Candlestick @ top of the chart.
2. Double Top on chart
Sell @ Cmp for target 1705-1675-1620 SL 1820 (Positional)
for Intrday or 2-3 days keep stop loss 1775-1780
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
