GRASIM trade ideas
GRASIM, Flag + Fibonacci + Ema - Winning cominationGrasim has given a strong breakout from recent consolidation (Flag) today. Although volumne could have been better but other factors can't be ignored.
Grasim has followed Fibonnaci beautifully & bounced from 50% retracement level.
It can see 1832-35 as target which co-incides with 1.6 extension level.
Time & again, it has bounced from EMA 21 and moved well.
It can move above 1800 tomorrow.
Thanks
Piyush Gupta
Learn & Earn
Grasim - Intraday/Swing ViewGrasim : Intraday/Swing view
( Pausing here for good ! )
Long above 1800 with SL 1780
Swing Opportunity in GrasimGo Long above 1489.3 for a Target of 1558.55 with SL 1420.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level.
3. In addition to this the stock is trading in an ascending channel and our target is just below the upper trendline of the channel, so there is a high possibility that the stock hits our target.
grasim longfollow up...taken support today at neckline. todays low is sl for positional one can go with days low as sl tgt new 52 week high.
Grasim - Buy on DipsStock reaching near a strong Support Area
Risk to Reward Looks very attractive
View negated below 1660
Buying area near 1680-1700
Grasim Long TradeSymmetrical Triangle + Flag B/O possibility in Grasim. Max Pain stands at 1700 (Nov Series). Buy as near as 1700 for higher TGTs. SL 1680
Channel break and consolidating.swing update Grasim breakout from channel and consolidating wait for eod close above 1770 to go long
Grasim longGrasim long with given levels and overall trend is strong and we get small pullback for entry.
Grasim Cmp 1746 dated 21.10.2021Grasim Cmp 1746 dated 21.10.2021
1. Parallel Channel BO @ 1740.
Buy for a tgt of 1785-1805-1895-1985 SL 1675
It is just a view, please trade at your own risk.
grasimNSE: GRASIM 1745
-Fresh Up move After Retest
- Price and Volume Both Confirms The up move
-Next level to watch 1799
-Support near 1680-1640
Grasim, trying to sneak away AGAIN!Accending parallel channel BO. A buy order should be placed above high. It may or may not retest the breakout. In all a buy should only be made when the high is breached.
TG-1912
SL-1678 (Since Accending channel BO is usually for bearish trades. But it can be traded will a small SL because it has broken towards upside.)
[ INTRADAY ] GRASIM SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Grasim inverted H&SInverted head and shoulders on daily. Price can retest at current levels. Go long above 1650 to 1700 for target of 1800 to 1850.
Disclaimer : The above idea is for education purpose only.
Grasim is in strong uptrend…. Grasim is in strong uptrend….
Reasons/Traits :
• Bullish Cypher harmonic pattern and its retracement is completed
• Strong uptrend with high increasing volume is seen
• Grasim is again at life time high
• Further uptrend on earlier highs of 22nd Jul and 2nd Aug 2021 were rejected now again testing high levels
What can happen next :
Scenario 1 : Strong uptrend possibility as Grasim is at life time high to reach 1640/1700 levels to complete 1.237/1.618 Fib retracement levels
Scenario 2 : A downside break of fib 0.786 levels can test 0.618/0.5 levels (profit booking, before further uptrend)
1570-1600 is important zone, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Grasim longGrasim long
Cup & handle pattern found
Buy at CMP-1625
SL- 1528
Target- 1725,1795
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Grasim breakout with CUP& Handle patternGrasim has given breakout with cup and handle formation pattern
Target details given in the chart
SL-1620..
GRASIM ANALYSIS Hi Guys here is the Stock for Monday Positional or Intraday Trade. But Before taking any trade please Look the market sentiment or behaviour on MONDAY and Please consult your financial advisor or do your own analysis.
Short Term Pick ✌✌This scrip is choosen for short Term pick as it had formed a beautiful pattern. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
GRASIMGrasim is forming a bullish channel pattern and give a good breakout with good volume analysis. This is educational purpose before entry consult with your financial advisory.
Grasim Trendline Break Out Trend Line out Support by strong RSI
Levels are mentioned please trade as per your risk appetite
