GRASIM
Simple analysis on Grasim Daily Chart
1. Upward trendline support
2. Price breaking 200 moving average with volume more than 20 moving average
3. RSI above 60
4. Indecisive candles formed after big green breakout candle can lead to continuation of uptrend
5. Targets indicated by black line and fib extension ratios of 1.618 and 2.618
Stop loss can be 200 days moving average. Keep trailing your stop loss as and when targets are achieved
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Trade closed: target reached:
First target achieved. Moving towards second target