Best Trending Stock GRASIMAfter testing the Supply Zone GRASIM is once again on the move to reach new highs.
- EVENT : Result on 13 Aug 2021
- Great Risk to Reward Ratio
Strategy :
- Buy Futures with SL below 1470
- Options Bull Spread -- BUY 1550 CE & SELL 1600 CE ( or according to your Risk Appetite)
- Naked Options Buying 1600 CE
For Risk Averse Traders :
- Buy Stock at 1500 - 1505 levels with a SL below 1470
GRASIM trade ideas
Grasim Industries - Finally Breakdown ?In the previous post, NSE:GRASIM had given us a false breakdown and moved towards our stop loss. Now, once again NSE:GRASIM has broken the supporting trendline and may get itself ready for a downside move.
One may initiate a short position with a stop loss above 1615.
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NeutralGrasim 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 businesses such as fertiliser, textile, etc.