Grasim is forming Head & soulders patterns. Add to watchlist - If incase breakout and sustains about 750 - will test 800 and above in short period of time.
Intraday Cash Buy GRASIM @713.00-717 SL 703 TGT 739 R1 is 724 and we expect momentum to continue once breaks 724 next is 774 so looks good for upside in 750-770 zone. Above VWAP + MACD cross over + TK cross over 683.
NSE: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...
Short Term Cash Buy GRASIM @670.00-672 SL 648 TGT 715 TK cross over + about to break ichimoku cloud on the upside + MACD cross over Next resistance is 705-708 zone once it break it convincingly then we expect more upside as then next is 793 so can get 5-10% TGT so keep an eye on 708 level.
*broken daily channel *good Volume *target 724 *SL: last swing low
Short Term Stock Option Buy GRASIM AUG PE 600.00 @13-14 SL 4.20 TGT 32 TK crossover on bearish side MACD cross over indicates more correction ichimoku cloud break out
grasim looking bullish and also trading near 200 DMA can see multiple bullish candle at the top still we have to see clear breakout and get long entry.
Above VWAP + MACD cross over + TK Line cross over if it stays above VWAP we see more upside in the range 675-700 so go LONG.
Overall Downtrend Price On Its Trendline Resistence . Price Consolidating . Rsi Negative Divergence Short Below 521 Sl:- 547.75 T1 :- 493 Happy Leaning .
Cloud break out + MACD cross over + Volume buy + TK cross over
Please do your own research before trading or investing.
NSE:GRASIM may bounce from the lower trendline support. Track this script.
Grasim has formed ascending triangle patter in 4H time frame. ... possible upside breakout MACD & RSI both are in uptrend Zone .... MFI is also rising possible upside movement present... ATR is around 15-20 rupees possible ATR * 1.5 = 25 - 30 rupees buffer can be maintained to avoid wicks