GRASIM trade ideas
GRASIM INDUSTRIESA decisive break above 683 , stock can make a move towards 693/704
Stop Loss : 671
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
GRASIM Trendline Break Out.Grasism has broken and is trading over its daily TL. Level above 710 can be seen in a short duration.
Grasim share to take long entryGrasim stock in all TFs are in uptrend & forming the higher highs. Now after the level of 630 we have seen good BO , Now again stock is trading in the range . Long entry can be taken above the level of 688 for the target of 710 with the SL of 672. Positive divergence has also seen in the charts. So add the stock in your chart to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
InvestmentLooks good for long... as it crossed 200ema with strength, marked range is very good for long.
Grasim may fall to 620 levels soonerGrasim may fall to 620 levels sooner
Entry levels: 670-710
Stoploss:716
GRASIM TRENS REVERSAL ?sell the stock potionally
at 765 to 770 for targets
744/720 / 708/682/666/643/600/573
there two reversal points
R1 AT 710 TO 720
STOXK CAN REVERSE HERE FOR THE TARGETS SAME AS MENTIONED
R 2AT 765 TO 770
FOR TARGETS MENTIONED
SL 810
Breakout of resistance in Grasim . Go LongBreakout and retesting is done . Go for long for long @680
GRASIM BUY @622GRASIM SHORT TERM BUY @ 622 -625 RANGE TARGET 636 -640
GRASIM CONSOLIDATED MULTIPLE TIMES @ THE RANGE 622 THERE WE CAN SEE A STRONG SUPPORT, AND 640 ACT AS A NEAR TERM RESISTANCE.
---------------this is not for a buying recommendation for your study purpose----------------
Grasim Breakout Swing BuyEarlier idea was shared on 06 Aug for Swing Buy if (645-650) breaks. But breakout came yesterday with good volume. Buy for swing in any dip near 655 for target 680, 730
