Grasim is in up trend on monthly chert, we are at old and braking of it can give good chance for going long. We are analyzing it on monthly chart so trade will be for long term, keep this levels on your chart if price is not crossing the zone in coming months.
Mentioned target can be used for some profit booking. Long term trader can keep the investment till the time price is in or above up trend channel.
If price retraces from current levels the, buying can be done by long term investors at 78% around 3384 and at 61% around 2837 . Both mentioned levels are structural supports so it holds importance.
Always welcome, but in last 2 weeks levels for nifty have not changed. Hence we have to continue with earlier view only. Will try to share views on different shared on weekly or monthly charts. If you need any other scripts to be analyse then please let me know. Thanks for your feedback :-)