Bullish breakout expected above ₹2,781.25 Upside target: ₹2,866.55
First Resistance -- 2709.6 Second Resistance --- 2734.3 Third Resistance --- 2776.5 First Support --- 2642.7 Second Support --- 2600.5 Third Support --- 2575.8 Positional long Daily Avg. Delivery Volume % 21 Aug, 2024 68.0% Week 56.5% Month 59.0%
Grasim seems to have reached its current swing high. i think we should book profit and wait for retracements for reentry.
Grasim Industries has formed a bullish flag pattern on the daily chart, signaling a strong continuation of the uptrend. The recent breakout is supported by high trading volume, which adds to the reliability of this pattern. Traders should watch for further upward movement as the bullish momentum continues. Proper risk management is advised, with attention to...
Grasim Industries showcases a robust ascent, adhering closely to its ascending trendline and breaking past a crucial resistance point. The stock now trades in a potential consolidation zone, suggesting a decision point for investors. With a strong bullish trend and increased volume indicating sustained interest, investors should monitor for signs of a continuation...
LTP on NSE on 23/Feb/2024 was INR 2,190/- (with a high of INR 2,236.70 and a low of INR 2,182.60) Although it is a good buy at current levels, conservatively I would still accumulate it around INR 2,060/- - 2,080/- zone. Resultantly after all this discussion, I believe that the target price should be: first INR 2,370/- and second INR 2,900/-. Stop Loss should be...
Broadning decending wedge is a bullish pattern 2 probabilities, one is beariah as we can see a divergence in RSI. Second one is bullish as this pattern is a bullish pattern. Once the wedge is broken upside we get to see those targets .. or if it continues in the range we get to see the bottom support line as target but remember if it continues downside and did...
NSE:GRASIM One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss,...
📊 Script: GRASIM 📊 Sector: Textiles 📊 Industry: Textiles - Manmade Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving Crossover. 📈 Right now RSI is around 62. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2287 🟢 Target 🎯🏆 - 2410 ⚠️ Stoploss ☠️🚫 - 2241 ⚠️...
The stock is coming out of consolidation and is expected to make a top around 2150-2300 levels as per the expectation and may correct too after completing the technical pattern. It is making an entry into paint business which can give some boost as things are speeding up. However a strict sl is recommended as per the market conditions
A strong demand zone is created in this stock from 2060 levels, immeditely sellers push the price downwards,now from demand zone price is moving upside, if this demand breaks then price test the demand zone at 1960 levels. so keep look for shortside in this stock.find short oppurtunities in this stock. Drop base drop chances are more.
level are given on daily chart swing trade entry exit target
Grasim after good consolidation today grasim gived 3.4% up move maybe more upside moment still pending... Technical ::------- 1) Cup and handle pattern 2) bullish flag 3) volume also good up side target 1842 / 1933
Grasim- Elliott Wave Count It appears that the market correction for Grasim has come to an end, and we can anticipate another upward impulse wave, provided that this week's low remains stable. However, if the market falls below 1828, this view will no longer be applicable. Please note that this information is for educational purposes only, and it is crucial to...
Grasim - Elliott Wave Count It appears that the market correction for Grasim has come to an end, and we can anticipate another upward impulse wave, provided that today's low remains stable. However, if the market falls below the current low, this view will no longer be applicable. Please note that this information is for educational purposes only, and it is...
1. Market Trend - Bullish 2. Stock Trend - Bullish 3. Market & Stock both at ATH 4. Breakout - Strong
Wait for a breakout on monthly chart. Looks like supply is being absorbed.
Observations:: NSE:GRASIM the stock is trending upwards. the price is broken the previous resistance @1660 range. after breaking resistance price is slowly moving towards next resistance. Recently broken the trendline to reach the demand zone, look for buy at these zones. The previous resistance acts as support @1660 ,price will move upwards again. we have...