#GRINDWELLStock has given breakout and retesting at support.. Doji at support.. SL 1900.. CMP 1962.. Target 2100/2300
GRINDWELL trade ideas
Long Grindwell Norton breakoutStrong Breakout consolidation period.
Good fundamentals of Company.
showing strength in weak market.
There is no any recommendation of trade.
This is only for educational purpose only.
GRINDWELL: ContractionCMP: 2081
- Corrected ~13% from its All-TIme High (2328)
- Attained support near the previous breakout level (2000)
- Consolidating close to the 50 EMA
Rejection from 20SMAFundamentally strong stock
Rejection from 20 SMA Line
Good opportunity with Strict SL
One can bet on it with good risk reward set up
GRINDWELL NORTON - LONGGrindwell Norton has given box breakout.
S.L.is given on the chart.
Target is not decided.
Above information is given for the educational purpose only.
Learn more and earn more..
Grindwell - Flag Pole Breakout possibilityGrindwell :
Flag Pole Breakout possibility
Long above 2300 with Support at 2250
Weekly chart of Grindwell nortonWeekly chart of Grindwell Norton, highest weekly close after 24th Jan 2022, good volumes, RSI breakout also. Above 2017 it can touch 2251 quickly, if it sustains between 1900-2000 for another 1-2 weeks then good upmove expected. Keep eyes open
GRINDWELL volume profile showing huge volume movement at resistance level
RSI showing Strength
On weekly time frame forming pole and flag pattern.
May shoot from here
Only for educational purpose.
Double Bottom Continuation in GrindwellGrindwell Norton to breakout of the double bottom consolidation.
Grindwell - Well Posed for an up move?The stock made a magnificent rally in the previous cycle, after that a 260 day consolidation, now we observe a breakout from consolidation with volumes and momentum, lets see if it continues the trend?
Grindwell NortonBuying opportunity in this script since it has formed C&H pattern also announced fabulous results.
GRINDWELLNSE:GRINDWELL
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose.
Rm & Am strategyA combination of Relative Momentum indicator
and Absolute Momentum Indicator .
Relative Momentum is a measure of relative strength of a script compared to index or other scripts
Absolute momentum is a measure of its own strength compared with its value n periods before...
I use a combination of 2 absolute momentum lines of 10 & 21 ...or 21 & 52 based on my requirement + 1 relative momentum indicator with Nifty index as default comparative symbol.
One example how I use this indicator is
for Intraday ... 2 Absolute mementum indicators of 10 & 21 ... both should be in same direction.. and the closer they are the stronger the signal.
for swing & positional , I include 1 relative momentum along with 2 absolute momentum...
Also ,the strong signal can be validated when the candle is bullish , no near by supply zone or the candle is at demand zone .
Explore the indicator ,its your imagination & innovation.
Often u can even catch the extreme bottom.
Mix this with my Rsi crossover cardwell ranges indicator for best results.
#GRINDWELL wkly close blw 1535 opens 1400Grindwell has retested 1540 successfully for the 3rd time, during week ending 18-Feb-22 . But how long will it hold ?
In case of weekly close below 1535, high probability of retest of 1400 ( 8-10%) downside from current levels
Grindwell : Breakout RetestBuy Opportunity: Grindwell : Breakout with volume and now Retest. best opportunity to grab for good risk to reward ratio, Fundamental is also very good.
#GRINDWELLHolding Grindwell since in Q1 RRG.
Once the new Signal appears will reassess the position.
A very simple way to rotate stock!
Grindwell Norton testing previous high resistance just observe pattern and so resistance
and support levels for learning technical analysis’s
and pattern .
market always risky .so risk is ur decission is ur .
so indicators on high level may be some considered high strngth good momentum while some consider overbought and risky long.
confirn at ur end techno funda of it.
grindwell good buying apportunity see this chart and buying your mind set and risk capatite
big bullish momentum in coming days
