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Visionary_Growth_Insights

SWING IDEA - GRASIM

Long
GRASIM INDUSTRIES (NSE:GRASIM)  
Visionary_Growth_Insights Updated   
NSE:GRASIM   GRASIM INDUSTRIES
Trend Analysis Chart Patterns Technical Indicators swingtrading swingtrade Technical Analysis tradingideas BSE nse indianstocks
32
2
trendanalysis chartpattern indicator swingtrading swingtrade technicalanalysis tradingideas bse nse indianstocks

  • Strong breakout on weekly TF
  • formed a flag and pole pattern which is a continuation pattern
  • a strong up move expected after a thorough consolidation

SL - 1856
TARGET - 2300 // 2320
Comment:
stock retested 1900 levels and is now trying to bounce back.
I believe we're about to witness a great rally in this stock.
Comment:
We can add on some quantity now.
The stock looks good
Comment:
trend looks intact.
stock is falling due to global cues.
HOLD !!
Comment:
Again the stock price is back to 1900 levels, we can add up some quantity.
Comment:
Today, price closed above 2005 levels which is vey close to last swing high.
We can see a fast move upside in coming sessions.
Comment:
We are 9.23% up from our buying price. The trend is intact. We can hold this.
Comment:
stock made a high of 10.2% and is now consolidating.
We can hold for targets.
Comment:
made a new high of 15%+
Comment:
Trend is intact - constant higher highs formation.
HOLD !!
Trade closed: target reached:
1ST TARGET ACHIEVED - 17%++
Comment:
Price is slowing moving up, wait for targets
Trade closed: target reached:
2nd target achieved
20% ++

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SWING IDEA - GRASIM
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