GRASIM 1DBreakout Done.
Heavy Momentum
Trade as per your RISK
Wish you Happy & safe Trading.
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
GRASIM trade ideas
Why Grasim can blast a brief anaysis!!NSE:GRASIM is looking Good to enter if you want to invest in Nifty Infra for the upcoming weeks.
Even though volatility in the market has started to increase. It is stable and holding its levels Positively.
With every Swing in it, volatility is reducing & it can give huge returns in a shorter period.
One Can take Stop loss near the zone of 1760 (Tight SL) and 1700 as a (Loose SL)
Trade horizon can vary on movement of the stock, (Ideally 3-6 months)
I'll keep you updated here so make sure to follow for updates. and you can ask questions in the comments.
Follow for Such Ideas
Grasim Industries : +9% to +30% Upside PotentialGrasim Industries : 14 Dec 2022
Summary :
• BO with Volume (28 Nov 2022)
• Base of 3 months
• Approx 1 year of Head & Shoulder Pattern
• Potential of +9% to +30%
Conslusion:
• CMP 1830
• Long positions can be initiated
• Stop Below 1775 or 1675 for longer term target
• Higher targets could be around
o Short Term – 1981/2103
o Mid to Long Term – 2221/2340
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
GRASIM INDUSTRIES||12-12-2022||SHORT AND LONG TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Black up and down arrow--touches of support line
**cmp:1815
In this chart, I can see good CUP AND HANDLE pattern
The Resistance Line was breached with very good candle and retested looks good for long term 100% returns
keep following We will grow like healthy society.
GRASIM IND :- DOUBLE BOTTOM PATTERNDouble Bottom (W shape) with 11 week long handle shaped up in Grasim Ind
Decreasing volume pattern seen during Handle formation.
Levels mentioned on chart & Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
Happy Trading(:)