GRASIM trade ideas
Real time example [zigzag] [Education]Let's talk about each waves of zigzag
Our first question is, What is the Zigzag?
In chart, a, b and c is zigzag which very easy to understand by picture.
Its really easy to understand this wave counting if you read just below basic rules and Characteristics of Zigzags.
Rules:
- Wave A always subdivides into an impulse or leading diagonal .
-Wave A always subdivides into an impulse or leading diagonal .
- Wave B always subdivides into a zigzag , flat, triangle or combination.
- Wave C always subdivides into an impulse or diagonal triangle.
Grasim: On the verge of Falling wedge Breakout The stock is testing the resistance of falling wedge pattern.
1640-1630 which was previously a resistance should work as support and if stock bounce back from that level, then we can see a new rally for its ATH.
Final support can be considered at the double bottom formed at 1590 levels.
DISC: For educational purposes only.
Grasim Trendline Breakout Below 1590 -Grasim staying below the trendline is looking weak. Keep an eye on the price action at the trendline, the level to watch is below 1590 -.
~ Breakout Stocks App
GRASIM #TAView #OnlyEducationalRecent Breakout with good volume, 10EMA, 20EMA cross over. might pulllback a little bit.
Buy above 1802 SL 1878 TGT 1810 1818, 1857Suggestions are based on my analysis only. Please do your analysis before taking any trade.
GRASIM: H&S Bearish for short termStock has broken the neckline of H&S pattern at 1680 & retested the neckline. One should go short with SL of 1680 & look for the target of 1540/1470
GRASIM. Wave 5 rally startedPossible upside move.
now wave 1 of wave (5) formation will be end .. trade wave 3 after wave 2 completed....
#Grasim cash : Looks good around 1670-1680#Grasim cash -Positional call
04 Jan 2022
Looks good around 1670-1680
Stoploss 1660
Target 1740/1800
Cmp 1692.50
Research Report - Contending for u-turn of GRASIM.Directly jumped on 4Hours time-frame. I've mentioned almost all important levels,roughly Head and Shoulder pattern, parallel channel etc.
Let me turn on your attention to the 1580 that very important support of parallel line of lower-band. You can see clearly 1580 nearby entry is not bad idea.
Finally, You have to work on Elliott Wave to determine exact turning point. I will update here shortly Wave counting.
Looking at weekly (all time high at 1893)
I've connected a line, starting from Oct. 2007 to Nov. 2017 and founded 1568 which very close to current market price. Here possibly to covert Resistance into Support.
One of my experience phenomena regarding support and resistance, when the price throw-over(break out) the resistance or support line. When this happens, resistance trend-line can perfect as support area.
I'm seeing here candlestick price action with volume observation on weekly chart. Off course, recent two candle are totally view use negativeness but when you notice the volume its not enough for those both valid candle as compare to bull run.
GRASIM BUYING OPPORTUNITY6th JAN 2022
GRASIM is trading near previous resistance level. Breakout of previous resistance level will have a good buying opportunity.
call on grasim.....NSE:GRASIM is make you rich ............
money cant buy happiness, but poverty cant buy anything.
Grasim Industries - Looking good for swing tradeLooking good for swing trade in weekly chart ..
Concentrate if it close and sustain above 1690
GRASIMNSE:GRASIM
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Grasim - Short tradeIf the markets tend downwards again this stock could make for a short candidate.
Short below 1590 with SL above 1640
First target 1530/1540.
If it breaks below that the floodgates will open on the downside.
In markets like ours short trades are always short term trades.
Intraday Grasim | support breakdownShort below 1587 in Grasim. there is likely to be a support area breakdown.
Grasim - ShortHi Everyone,
Grasim (Daily chart). H&S pattern formed. A breakout below S1 and close is a confirmation of Bear run.
Wait for the confirmation.
Note: kindly do your own analysis before making any trading decision.
Regards,
Ivy Venture,
Research Team.
GRASIM FOR SWINGgrasims for swing it breaking down the head and shoulder pattern and retesting its levels
