GRASIM trade ideas
GRASIM 16.10.2023ABCD pattern under formation
RSI bullish abv 60 on all time frames
tgt D Underway bullish with buy on dips
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Long Setup in Grasim IndustriesAn On Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:GRASIM
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
GRASIM BREAKING OUT FROM CUP AND HANDLE PATTERN The stock has formed a cup and handle pattern and has faced resistance several times at 1868 levels . also a small cup and handle pattern is being formed under the big one the stock can give 30 % returns in no time also the volume has been unprecedented
GRASIM ATH WEEKLY BREAKOUTGrasim on weekly TF looks mouth watering, it is showing a textbook style triangle breakout.
Make positions at current levels, if it traps then make positions around the range of 1850-1900
Stop loss at 1750-1760.
Fibonacci targets are at 2050, 2250, 2500, 2850, 3500, 4100….
OR TRAIL USING 20/50 SMA.
Long Setup in GRASIM on WTFA Ascending Triangle Chart Pattern Breakout happened on the weekly Time frame of NSE:GRASIM
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart.
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Ascending Traingle Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Education purpose only.