GRASIM trade ideas
Breakout on the charts and the diagram itself is explanatoryBetter results and can see a good Jpmorgan e from here
Watch for CUP and HANDLE BREAKOUT !Grasim has formed cup and handle pattern and stock is almost at the neck line. Good target can be achieved if it gave a breakout with good volume. Note that this analysis was done by me only for educational purpose. Feel free to give and feedback.
Grasim Cmp 1466 dated 28.5.2021 Grasim Cmp 1466 dated 28.5.2021
1. Rectangular break out above 1475
2. Cup & Handle break out above 1475.
Buy for a tgt of 1590-1690 SL 1410
It is just a view, pls trade at your own risk.
Break out possible volume supportingBreak out is possible of the neck line since thevolumes are supporting it.
Only for educational purpose.
GRASIM 1 DAY CUP HANDLE PATTERN SEE THE CHART MY TECHNICAL ARE THERE 1 DAY TIME FRAME FOR GRASIM BREAKOUT.
Double Bottom / Cup & Handle breakout OpportunityGrasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.
Buy Grassim - A prfact break out candidateTechnical indication
- Perfect break out candidate
- RSI break out (60+)
- Near to 52 week high
- Up with Volume
- Traded above all MA
Candle stick pattern:
- Three White shoulder pattern followed by dragonfly doji
Closed above 1473 will fly up to 1685 sl 1420
Grasim for positional .Grasim is seems to be bullish with head and shoulder pattern breakout for positional target of 1540
BuyFrom this level stock can reverse or break that trend line upside then after retracement we can make long position
Or if it break dotted trendline downside den we can sell......let's wait for breakout on either side
Grasim - Positional ViewGrasim :
Positional
Ascending Triangle Breakout Possibility
Long above 1485 with a SL 1425
Grasim Ascending triangle pattern on Daily chart.Looks good at 1466 level trendline breakout level
Stop loss 1430
Target 10%
Short GRASIMShort GRASIM
Entry = 1415-1425
SL = 1475
Target 1= 1270
Target 2= 1210
R:R= 1:4
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Grasim Trying for Breakout on charts
Chart pattern - Cup n Handle
Holding will give you good 15-20%+ returns in next 1 year TF
GRASIM
Grasim 1 Day time frame
Trading in ascending bullish pattern
Can see support at 50 EMA (yellow line)
Grasim | Plan and Logic🔰 Hello my friends, here is the story I see behind this stock:
⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern
= a really bullish sign :)
⭐A break from trendline = SL and but don't go short :)
⭐Pattern: ascending triangle
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
