Grasim Cmp 2169 dated 9-2-2024
1. Rectangle Consolidation BO above 2185
2. Bullish Engulfing candle
Bu above 2185 target 2200-2225-2250-2275-2300-2340 SL 2100
It is just a view, please trade at your own risk.
Grasim Was running under pressure in past many years and a year ago it gave a quite good breakout but still it was in the range for a whole year and finally we can see that the with the good quarterly results it gave breakout..
Fundamentally we can see the increasing capex in the budget and which will help to infrastructure development and that is why the Grasim...
Price is trading decisively above its previous medium term peak of 1930.
The uptrend is expected to continue to test 2775-2950 zone (261.8% Fibonacci Retracement levels).
Bullish outlook remains intact as long as price is above 1930.
GRASIM:- After this, a breakout is about to happen, the stock has been consolidating near the resistance for the last 3 months. If we get a breakout, we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like...
Grasim has hit top and now its ready to come down to its support line.
take short train on this and wait for the money to fall on your hands.
you are welcome
📊 Details
Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On 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...
Grasim Cmp 1957 dated 23-11-2023
1. Pennant Pattern
2. Bearish Candle @ Resistance
3. RSI Divergence
Sell below 1950 target 1940-1920-1900-1890-1875 SL 1985
It is just a view, please trade at your own risk.
GRASIM INDUSTRIES LTD is an interesting chart for following reasons
1. Weekly chart : Long ascending Triangle breakout and its retest during last week and price taking support at trend line at 1824-1830 zone
2. 20 week SMA support at 1840 levels
3. Daily ABCD pattern under formation
4. Daily - Stock Making higher highs for last 3 days,
5. Outperforming...
Grasim is nicely taking support at CMP 1870/- and looking good for higher targets of 2000+
Though the overall market sentiments are not looking good but this script is looking promising.
