Expecting a sharp fall in the stock, on-going trend is already weak, so playing on the side of the trend.
Stock is expected to come back to its strong demand level of 250!
After consolidating between 240 and 160 for quite a few months, it appears that the trend has resolved on the upside. Expecting current fall to turn out only as a pullback in the larger scheme of things, and price should continue going up and fill the big Gap area!
Price at bounce area, and if the bounce happens, it could form an Inverse head and shoulders, thus making it a good choice for even investors to buy this stock. First target expected around 3250 for traders, for investors, they need to be in this trade for a few months to reap good rewards.
Price above the averages showing an uptrend, so trading in favor of the trend. Target 660!
Past lows should offer selling pressure and RSI displaying divergence adds to weakness. Price should come down to 450 first.
Price at Trendline support, buy with days low as stop loss, target 660+
Price at support, should see a bounce to 660.
Strong up-trend, currently at trendline support. Target 1 - 1680 Target 2 - 1730 Stop - 1595
Price at clear cut support with RSI at oversold. Strong up-trend in place on the Daily time frame. Target 1 - 2130 Target 2 - 2165 Stop - 2056
The stock is in a strong up-trend. Daily RSI has come to its Oversold level, and the price is almost at the Moving Average support. Plan is to be on the side of the larger trend which is up. So the stock is expected to first go to 2550. Investors can hold the stock for a new high.
Prices are at the resistance zone, low risk trade, short for a target of 1515 with a stop loss of 1670.
Turning from resistance expected from the underbelly level, should come down and fill the recent gap area of 330-327 at-least, stop loss would be 345. High risk takers can hold the short till 320.
Stock has come to a very reliable and effective support zone, should see a bounce to 4180. Stop loss 3980.
Grasim will be announcing its Quarterly Results today. Start of the day looks weak, giving a hint towards expected results. Corrections in the current up-move comes to 61.8 FR level, hence one can take an Intraday short trade for a target of 1100 with a stop loss of 1136.
Stock has been in a strong uptrend, and has recently witnessed a pullback to its support zone. Expect the price to touch 1700 in a few months. Stop loss would be 1450.
Strong trend, stock at trendline support with RSI at bounce level. Buy for 840 or higher with 700 as stop loss.
Similar chart structure visible, because of which I think there are very high chances of the stock starting an up-swing from current price levels. The stock should see 1100 atleast going forward in a couple of months time.