GRASIMGRASIM broke out of multiple resistance zone of 1740-1743 & comfortably trading above it with good volumes.
Could be bought with mentioned stoploss & targets.
GRASIM trade ideas
#Grasim Ind : Flag pattern Breakout above 1750.10#Grasim cash -Cash Delivery Trade.
02.05.2023
Buy above 1750.10
&more around 1700-1715
Stoploss 1650
Target 1940/2100
Cmp 1740
GRASIM on UPMOVEGrasim has given breakout followed by confirmation candle. Further it retraced and took suppport on 8 EMA on daily time frame and is now ready to continue its upward journey.
VIEW ON GRASIM INDGood chart structure
A Breakout on the stock in today's trade
Target 1739/1764
Stop loss 1700
Grasim Inv H&SGood inverse head and shoulder is seen in this chart.
Target 1750 / 1827 in near term
SL 1583
buy on dips to get good risk reward.
GRASIM ANALYSIS Grasim Ind. Chart shows downtrend, nifty pharma shows always same down trend. More chances to move upto 1640 levels.
GRASIM SHORTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
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.
31st March || GRASIM - Intraday Targets Marked #stocks #targetsAnalysis Criteria Used:
The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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*This is NOT a Tip OR a Recommendation but an analysis for Educational purposes Only
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#GRASIM Analysis Stock is near to form round bottom pattern and its BO, follow chart for proper levels.
GRASIM INDUSTRIES - 33% RETURNS!!!BUY - GRASIM INDUSTRIES
CMP - Rs 1612
Target - 1: Rs. 1780
Target - 2: Rs. 1923
Target - 3: Rs. 2154
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Comment: Bullish Breakout to be expected.
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Technicals - Bullish Symmetrical Triangle
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Follow me for more!
GRASIM BearishGrasim closing 1561.2 with stoploss 1590 then targets are 1452.
Selling Reason.
1 --> Price ready to break support.
2 --> Volume is also show the sellers active more then buyer.
3 --> RSI is break the 40.
4 --> ADX is show the Bearish move -DMI is rise.
5 --> Bollinger Band is open in downside.
Grasim Bearish#Grasim closing 1595.9 with stoploss 1640 then targets are 1550-1500-1450.
Selling Reason.
1 --> Price Retest the Trendline and come down.
2 --> RSI is 44.1 and come to Break 40.
3 --> ADX is show the #Bearish move coming and -DMI is Rise.
4 --> #Volume is also below the Average Volume and not more come.
5 --> #Bollinger Bands are ready to squezee.
reversal playGRASIM has formed slanted inverse head and shoulder after a downtrend.
depth 143 points 9%
Disc- invested
Expected to be bullish Stock got good support at weekly candle
Expected to move higher side huge SL but worth to try out
Educational purpose only
Good risk reward set upStop DCB 1550
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If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Short below consolidation areaas price is now trading below the consolidated area i expect price will fall further
Taking up a trade with RR 1:1.5
GRASIM IND 2hrGRASIM INDUSTRIES Looking good for upside..
When it break level 1645 and sustain.. it will go upside...
BUY GRASIM @ 1645
Target
1st 1661
2nd 1686
Enjoy trading traders.. Keep add this STOCK in your watch list..
Swing trade for tomorrow The basic Principle of the market is that no trend is permanent .
Trend comes and go but markets always gives hints for the reversal.
so in GRASIM I have observed that it is falling for past few week but in the last weak the stock is consolidating in a range
secondly if notice in the smaller time frame of 15 minutes the price is making higher lows which also represent the strong buyers then the sellers
thirdly in this price range the volume in the stock is increased which might also be the indicators entry of new investors
lastly the buyers tried to break the resistance earlier but sellers did not let it sustain but now the buyers has again overcome the sellers and break the resistance again which shows that sellers are not able to sustain the past downtrend so we can expect sellers to leave and cover up above 1620
so finally the point we can buy above 1619 with stop loss of 1604 and for the targets i would prefers trailing stoploss instead of selling early
Grasim Ind Grasim Ind is in Down Trend..
When level 1602 break out.. it will go upside..
Target
1st - 1619
2nd - 1635
Grasim BreakoutGrasim Cmp 1819.65
Buy At Cmp & On Dips
SL - 1668 ( Day Closing Basis )
Target - 1950/2000
intradayinverted H&S pattern
only for long side with good breakout candle
follow your risk management
