Multiple month support and trend line broken.
Good trade opportunity to short here.
Looks weak on RSI and MACD too.
SL should be break of trend line on an upmove around 59.50 on closing basis.
Target whatever market gives with trailing SL.
Grasim is trading in triangle with 1140 as support.
Breach of triangle on either side with volumes will be good trading opportunity. 1140 seems strong support.
NSE:SAIL
Double bottom around 59 made.
Long possible here with small SL below 58.50 for a target of 61.20.
Broader market also currently strong may help long sailing through.