Grasim will remain bullish above the 1595 level. So, consider every dip a buying opportunity. Now the resistance level of 1720 has shifted to the 1870 level after the breakout in the previous trading session with a good volume. The level of 1870 is 61.8% of Fib Extension and Weekly Upper Bollinger Band as well. The level from 1870 to 1925 is a Potential Reversal Zone.
According to the Multi timeframe Bollinger Band analysis, the price has been trading above the weekly 20 SMA (WMBB) and there is a bullish crossover of moving averages near to WMBB which is considered an area of confluence.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
According to the Multi timeframe Bollinger Band analysis, the price has been trading above the weekly 20 SMA (WMBB) and there is a bullish crossover of moving averages near to WMBB which is considered an area of confluence.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.