I want to be a buyer above the leveli will only enter after the breakout if reversal then I'm not entering simply biased
GRASIM trade ideas
Grasim looks bullish#positional
Grasim (CMP: 1471) is forming ascending triangle pattern if it broken and sustain upside the long positions can be taken here, keep it in watchlist and trade as per the charts
Grasim Industries Ltd 1DAY TIME FRAME
Grasim Industries Ltd
POSITIONAL
01-06-2021
TIME FRAME :1DAY
ENTRY : BUY ABOVE 1475
STOP LOSS :1420
TARGET :1482/1518
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Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
Possible Breakout in GRASIMNSE:GRASIM
Sustainable breakout in GRASIM to be expected.
Strong Volumes.
Ready for a breakoutAn Ascending Triangle has formed. Volume has started increasing. It might give a breakout.
GRASIM - Volume, Double Bottom and FibonacciStock made ATH in Friday session supported by good volumes. It has respected Fibonacci levels as well. Looks good for more upside in coming sessions.
INTRA : Buy above 1480 for targets of 1495, 1505
SWING : Levels mentioned in the chart
buy grasimgrasim has crossed its resistance level of 1473 with Cup & handle pattern and triangle breakout. we may see 1670 in coming months. view negated below 1400 CLBS
#Grasim cash : Buy only above 1480.10#Grasim Ind cash - Positional
30.05.2021
Looks good only above 1480.10
stoploss 1464
Target 1508/1540
(Risk Reward 1:2)
Cmp 1465.45
GOING T0 BOOM AFTER THE BREAKOUTMOVE CAN BE EXCEPT AFTER BREAKEOUT THE RESISTANCE
FORMED MORNING STAR IN WEEKLY CHART
ASCENDING TRIANGLE FORMING
PLZ DO UR OWN ANALYSIS THEN TOOK TRADE
GRASIM 1D TF Grasim Was amongst NIFTY's Top gainer as on May28,2021 with a change of 3.41%. Q4 profit rose 13.3%.
Technically it has breached the 0.618 extension level, the spike in volume followed by the candlestick are indicative of a bullish move.
Grasim Industries is at Crucial Resistance1)resistance zone is very crucial ,
2)formed on all time high
3) if this level breached than we can expect a big sharp up move for a short term
Ascending Triangle - Positional TradeDuring the last sessions, the stock has shown good upside momentum. Wide bullish candles supported with strong volumes. If the ascending triangle is broken with the strength we can enter with a small stop loss.
Grasim - ready for jumpGrasim is trying to give breakout above 1480 with volume.
Soon after breakout, 1525, 1550 & 1600 tgts are on the chart.
its uncharted territory, and 52week breakout.
Grasim cup and handle patternPerfect cup and handle pattern completed in Grasim daily chart. Height of the Cup is 215 points which could our next target from current levels. Maintain SL at low of the handle at 1350 on daily closing basis.
Grasim BreakOutTrading Above all the Major EMA levels
Crossing above previous swing high of 1475 is important
Watch Fibo retracement and extension levels for support and resistance
