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Grasim Industries Ltd.Grasim Industries Ltd.Grasim Industries Ltd.

Grasim Industries Ltd.

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GRASIM trade ideas

Grasim at make or break levelAs seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775. The stock also has taken support from trendline which is drawn from 2020 lows. If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock. However, rejection from supply zone can bring to stock to 1670, 1580 or below. This is a FNO stock and hence we can expect a good amount of call writing at 1800 levels. Also, the chart is very similar to JSWSteel chart which i posted 2 days back. Note:-Idea has been shared for educational purposes and shouldn't be considered as a recommendation.
NSE:GRASIMLong
by chartistamey
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally. Reasons are listed below : The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement. A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders. The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook. Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement. The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements. The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum. Target - 2360 // 2575 Stoploss - Daily close below 2045 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:GRASIMLong
by Visionary_Growth_Insights
GRASIM - Ichimoku Breakout📈 Stock Name - Grasim Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2638. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #GRASIM
NSE:GRASIMLong
by nikunjbhadja
Swing Trade - GRASIM📊 Script: GRASIM 📊 Sector: Textiles 📊 Industry: Textiles - Manmade Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving Crossover. 📈 Right now RSI is around 62. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2287 🟢 Target 🎯🏆 - 2410 ⚠️ Stoploss ☠️🚫 - 2241 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:GRASIMLong
by radha_23
GRASIM - Ichimoku Breakout📈 Stock Name - Grasim Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2290. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:GRASIMLong
by nikunjbhadja
GRASIM 24-03-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me. Points to Note: 1) bounce from resistance area and possible to reach immediate support. 2) if breaks the support line we are good for sell entry for the target. Disclaimer: I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
NSE:GRASIMShort
by anto1989