GRASIM HAS BEEN TRADING IN A PARALLEL CHANNEL FOR SO LONG AND NOW ITS AT THE MID ZONE OF THIS CHANNEL WHICH IN THE PAST HAS ACTED AS A SUPPORT AND RESISTANCE BOTH.SO IF GRASIM BREAKS TODAY'S HIGH ON MONDAY IT IS A LONG AND CAN MOVE NEAR THE UPPER END OF THE CHANNEL BUT IN CASE OF BREAKING THE LOW IT MIGHT RETRACE BACK TO THE DOWN END OF THE CHANNEL.