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Grasim Industries Ltd.Grasim Industries Ltd.Grasim Industries Ltd.

Grasim Industries Ltd.

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GRASIM trade ideas

GRASIM INDUSTRIES Support & ResistanceSupport and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:GRASIM
by zenthosh
Grasim Industries will go UPWARDS due to Positive Divergence POSITIVE DIVERGENCE - A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) - Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards VOLUME SURGE - Volume has surged on the daily chart on the day of writing this article REVERSAL FROM 200D & 50D SMA ("WEEKLY" CHART) - Price has also consolidated around these two sma from JAN to MAR (2 months) before moving upwards again indicating very strong support level formed
NSE:GRASIMLong
by peace_lover