pattern: correction (wave A & B looks completed) upcoming potential: wave (C) Fib: green- retracement, red: projections
Swing buy in Grasim - spinning top at bottom. Entry : 1800 SL : 1750 Target : 1900 RR : 1:2
price trending its all time high made double top in 1hr time frame may retrace back to trendline and kiss Fibonachi level 0.236 if we see bullish candle with volume at trendline and support in RSI 60 we have to go long now this is not time to trade this script (anyhow someone swear to trade they can short with target 1785) :)
As per analysis 2day grasim hits new all time high in first15 min afterwards it's not sustain or unable to take 15min high and formed mothercandle in positional trade setup which resulted in 2% down move. I m working on this formation how we can moniter positional trade in first 30min of trading day. Take away if mothercandle formed in positional trade then book profit.
Grasim 1hr Chart Formed Descending Triangle gave a Breakout 26 Oct 2021. Volumes are a bit low. Watch out for Retest and a target of 1860.
The stock has broken out and may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the upper trendline. The target is placed near swing high. This is a high risk trade as the market is in a overall bearish sentiment. Plan Trades Accordingly.
Hello there. Here is the Cup and Handle breakout of Grasim. Resistance line has been broken and closed above by the price and rejected from 61.8% Fib level based on fib extension tool. You can see there is a trend line acting as a resistance before formation of Cup and Handle pattern. Fib level are drawn here and one can enter the trade as soon as the price...
GRASIM has been rising slowly on its pace with out much difficulty. It seems Smart Money has been active in this stock for a long time and it was being accumulated for a long time for a much much higher targets. The way GRASIM has been rising, it may become a multibagger stock in coming months and years. Buy GRASIM at current prices with SL 1200 for positional...
GRASIM Chart Analysis. Both side opportunity enter with small stop loss
Buy-1614-09 for the target of 1648-155 (intraday target) SL -below 1603
Grasim had made cup & handle pattern on daily charts.. Tgts are very very aggressive of 1800, keep sloss as per ur apetite.
Grasim view on monday .. forming a rounding bottom formation . We can see good upside move if sustain my level.
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near previous swing high.
Grasim has been diligently following the trend and looking to the pattern it looks like a very good Risk reward ratio to enter.
POSITIONAL INVESTMENT VIEW ON #GRASIM CMP 1527 BREAKOUT RESTEST GRASIM LOOKING GOOD CMP 1527 ADD MORE ON DEEP 1522 STOP LOSS 1480 ON CLBS TARGET - 1650 1700 1750 1800 ++
long above 1580 for 1-2 % targets if breakout comes in first 1st half with a power candle. and Adx should not bend or falling
This is a classic triangle breakout setup.Keep your alert button on. Simple price action, no jazz.
Grasim industries is following trend line and i approaching the previously tested all time high of 1243. If the high breaks out with high volume, one can easily attain a 1:3 reward trade. Higher highs are sign of strength. Both weekly and daily MACD indicator are building up momentum. Wait for the breakout to enter Sharing this for educational purpose only.