GRASIM trade ideas
GRASIM pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on GRASIM 15M
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
Grasim Industries - Medium Long trade*Stock Name - Grasim Industries..*
*Stock Info-* Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On a standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertilizer, textile, etc. It is the holding company of Ultratech Cement Ltd # which is the flagship company of A.B. Group.
*Fundamentals-* Company is having a strong balance sheet with improved operating margins from 15% to 17% in FY 2021 as compared to FY 2020. The company has maintained a CAGR of 15% for the last 3 years. The company has also improved its debtor days.
*Shareholders Pattern* - Since the last one-quarter promoters and FIIs have increased their stake in the company which is a good sign.
India Ratings and Research (Ind-Ra) has affirmed Grasim Industries Limited’s (GIL) Long-Term Issuer Rating at ‘IND AAA’. The Outlook is Stable.
*Technical Analysis* - Stock has shown steady growth in the last few months. Stock is currently facing resistance at 1600 but taking support at its 9DEMA. Large buying interest is seen last few weeks. So it's good to add the stock till 1500.. 1500 is Strong support for the stock. Below 1500 stock will show weakness. It is suggested to deploy small quantities and then averaging the same.
GRASIM IS MAKING FLAG AND POLE PATTERNGRASIM IS MAKING FLAG AND POLE PATTERN
The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range.
Flag patterns have five main characteristics:
1. The preceding trend
2. The consolidation channel
3. The volume pattern
4. A breakout
5. A confirmation where price moves in the same direction as the breakout
Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses.
The flag and pole pattern is a bullish pattern
GRASIMGRASIM: Looking Good
Expecting Head & Shoulder Pattern will be done
Buy CMP/Above 1606.35 Add Every Dip Until 1530 Stop-Loss Closing Below 1480 (Safe) 1430 (Risky)
Target 1670-1780-1890-2000+++
Positional Call
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