Allocation : 2% Reason : Technical buy 1:DII & FII holding up and public holding down 2.Revenue Up 3.Profit Up
Grindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong...
Grindwell norton (29 Jan 2024) Channel and cup and handle pattern breakout with above average volume.
watch video for detailed analysis we have discussed about trend and volume
- GRINDWELL ready for another move looking good for swing -symmetrical triangle breakout and retest done -after retest formed hammer candle with strong closing -strong support from lower trend -rise in volume & rsi looking good
-Grindwell balancesheet is improving as compare to previous quarters -technically looking strong , rsi and adx showing strength in current momentum -all ema 100,200,400 and sma are below which again shows stock is in safe zone technically -highest volume in 2023 further gives support to our analysis and confidence -and strongly bouncing back from lower levels
entry above the line stop below theline consolidation brakout on weekly time frame
If it crosses 2214 Entry price: 2214.10 Stop loss: 1949.95 (11.94% risk involved) Target: 2745.40 ( reward of 24% with 11.94% risk) Enter into the stock if one is able to take risk of 11.94% I am entering this stock with 11.94% risk I am not SEBI registered individual, please do your own analysis before taking a trade , this is only a trade idea
Grindwell Norton Ltd. is an interesting chart with following factors 1. ABCD pattern on weekly chart 2. price confirmation on weekly chart with two green candles after hammer formation. Price gained major support level of 2100 3. Daily price moving on upper Bollinger band and narrowing Bollinger Bands 4. Major Support zone 2017-2100 levels Minor Resistance...
It has formed an uptrend pattern and then after giving a pullback it has changed the pullback's minor downtrend into uptrend which is indicating a very good bullish movement.
Reason for long a)Mr.14 set up b) Super trend negative, but channel support c) super vwap positive d) QQE long e) triangle breakout and channel support SL compulsory
Grindwell Norton fundamentally good company in abrasives industry. Flag breaker. Cup & handle pattern. Respecting trendlines. 52W base formation. Positive Q1 result. Look out for breakout.
Grindwell to take long entry. All important levels have been marked on the charts. This is for your education purpose only. Good risk to reward trade.
Grindwell CMP : 2200 DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
GRINDWELL:- Stock has given breakout, plan something only if it sustains above 2148 level. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all...
I discuss here the chart. The patterns visible in daily and weekly chart. The possible risk reward scenarios for a long trade. Past price-volume behavior.
#GRINDWELL Momentum yet to arrive, next stop 1914 / 1926 / 1935 / 2000 /2113