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 trade ideas
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
GRASIM... PARALLEL CHANNEL BREAKOUTThe chart of Grasim looks somewhat similar to the chart of Dixon.
Grasim has been consolidating within an ascending parallel channel since March and a strong breakout through the resistance trendline can be seen on Thursday's trade.
Good to enter for both short and long-term trades.
Targets- 1840 and 2000.
Add more if there is a retracement to 1680 to 1700 levels.
Should be an easy trade.
FOR LEARNING PURPOSE ONLY. Hello Traders 🙌
Here's A Superb Stock To Keep On Radar 👀
The Stock Has Given Breakout From The Parallel Channel Pattern With A Strong Candel And With Good Volume As Well 🔥🔥🚀
This Stock Can Give Great Return In Short Term As Well 💪
Please Do Like And Follow For More 🙏
Thank You🙏
Ascending Parallel Channel Breakout in GRASIMIn last trading session GRASIM gives breakout of ascending parallel channel's resistance line. After this breakout expected this will continue it's bullish rally towards the 1915+ in next few trading session. We can go long in this stock with stop loss of 1680 for target of 1910+ for short term.
GRASIM INDUSTRIES is ready to construct a new infrastructureThe stock has given a breakout from ascending channel.
Keep an eye on it!
Do your due diligence before taking any investment decision.
Keep learning! Keep growing!
GRASIM CHANNEL BREAKOUTGRASIM channel breakout on daily time frame. Wait for it to retest the channel to take long position.
What next in Grasim ? Positional Trade NSE:GRASIM
Grasim followed Fib retracement perfectly. As per given in my previous idea it took good support from 61.8% level range.
Please refer below chart.
Now what next?
Just simply if we apply the same level range of FIb retracement then we can see below levels.
This levels will be for short to mid term positional trade.
Sustainable Breakout of 1700 level will lead it to 1759 easily and we can see 1800 level in mid term positional long trade.
Please refer below chart.
you can also refer my previous idea of Grasim in Link section at the end of this idea.
GrasimGrasim :
1. at the edge of upward channel breakout.
2. InHS pattern breakout with retest.
3. My favorites apna wala candle formation good for 2marrow and nxt 5 days only above 1660 can move 3 to 5% its positional idea.
GRASIM 1H TFGrasim currently retraced back and taking support from it's 61.8% Fib level (1590). It is good to enter this stock for some short term gains.
CMP :- 1600
SL :- 1580
Target :- 1700+
R:R :- 1:5
Grasim Industries (Daily TF)Keep an Eye
The Stock is consolidating in Bullish Channel Pattern
Wait for Candle to settle above the channel
Positional Trade
suport at moving average can go for longlevels to enter ...................................................................................................
