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Grasim Industries Ltd.

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GRASIM trade ideas

Simple Trade Setup | GRASIM| 11-10-2021 [Intraday & positional]NSE:GRASIM Observations: 1) On 1 day time frame, if we apply fib retracement for recent swing from low to high we can see that it is just above 61.80% level of FIB Retracement and level of 1590-1591 will work as good support now. Please refer below chart : 1day Time Frame. ------------------------------------- One can enter for positional trade from CMP with Strict SL of 1580 for the up side target of 1700 in short/mid term. But Safe positional buy trade entry will be once it maintain to close above 1620 level sustainably. ------------------------------------- Trade Setup for Date 11-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:GRASIM
by Trading_hawk
1
Parallel Channel analysis with VWAPIn this article, we analyze NSE:GRASIM using VWAP and parallel channel. A parallel channel consists of two parallel lines and a middle line which is equal distance from the upper and lower band of the channel. All of these three lines can work as great support and resistance as you can see in the chart. Along with candlestick patterns I like to use VWAP to make entries for my trades (Intra / positional) How can we use channel pattern and VWAP for confirming entries If the price finds support at the lower band of the channel we wait till a candle closes above VWAPto make a long entry, the target can be middle line. If the price resists at the upper band of the channel we wait till a candle closes below VWAP to make a short entry, the target can be the middle line or the lower band as per price action. Similarly, we can use the middle line of the channel to make entries. Now for the analysis of Grasim industries, we will use a similar approach. On daily time frame strong selling can be seen ( Candle with long wick above the small body) if price sustains below VWAP and uses it as resistance and breaks the channel from below we can expect a downward move of up to 2%. Profit booking and SL as per emotions. (I generally use VWAP as a SL too) views only for educational purpose
NSE:GRASIMEducation
by pranaytrades
GRASIM formed INVERSE HEAD & SHOULDER (D) 1. MARKET is clearly UPTREND 2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE 3. SIGNALS formed at 50%FIB (SUPPORT):- (i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross) (ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross) WHAT NEXT? INVERSE HEAD & SHOULDER has allready given BREAKOUT @ NECKLINE. INVERSE HEAD & SHOULDER upon completion, signals a BULL MARKET. TRADERS typically ENTER into a LONG POSITION when the price rises above the RESISTANCE of the NECKLINE. So either we can enter the trade with appropiate STOP LOSS or can enter after RETEST. TARGET :- 160POINTS NOTE:-SIGNALS like PINBAR/HARAMI/ENGULFING at 50/60%FIB or S/R level or S/D or MA cross increases probability of our trade.
NSE:GRASIMLong
by GauravLB
1
[POSITIONAL] GRASIM SHORT BET risk: Reward ratio is 1: 2 Rest as per Charts ******** 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. ======= 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. ======= 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 ********
NSE:GRASIMShort
by Palkesh_Agrawal
Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]NSE:GRASIM Observations: 1) One 1 hr time frame,It made inverse head and shoulder pattern and given breakout of it on 24-09-2021. And it closed above the neckline of it. Please refer below chart : 1 hr time frame. ------------------------------------- For Positional Trade for short-mid term target on long side will be 1700- 1720 - 1750. SL will be 1580. Major resistant at 1660 level. ------------------------------------- Trade Setup for Date 27-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:GRASIM
by Trading_hawk