GRASIM
Grasim is reaching back to the channel
Grasim seem to be coming back to the channel it created in couple of months. there will be opportunity to short if it decisively falls back in the channel.
On the other side, looking at yesterdays price action, when Grasim breached the channel boundaries and closed above it. It may be a signal that Grasim took support there and the bounce back.
So i suggest we wait for it to take a side and we trade in that direction. This should be clear either today or max by tomorrow.
ROUND BOTTOM BREAKOUT - GRASIM📊 GRASIM
📈 Todays candle has given breakout of rounding bottom.
📈 right now RSI is around 73.
📈 one can take swing trade.
🟢 Target 🎯🏆 - 1712
⚠️ Stoploss ☠️🚫 - 1456
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Grasim - ConsolidatingIf we are to take a look at , you can see it has been consolidating since 06.06.2022
It has been around 15 days that the consolidation period has been going on a a move on either side should be in the making.
However where things stand a t the moment we are looking towards a movement and hence would recommend a buy in this counter.
Buy above: 1356
Stop Loss: 5-6 percent
Target: 1473-1614-1930Target: 2333
This is an investment pattern for over a period of 6 months to 1 year.
For intraday
Buying range: 1356-1360
Target: 1368-1378-1387-1396--1406
Stop Loss: 1351
Inverse Head and Shoulder about to complete.As you can see, Inverse Head and Shoulder Pattern is about to complete in NSE:GRASIM
Entry above POC and Exit targets are given in the chart.
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
Bullish View for GrasimGrasim will remain bullish above the 1595 level. So, consider every dip a buying opportunity. Now the resistance level of 1720 has shifted to the 1870 level after the breakout in the previous trading session with a good volume. The level of 1870 is 61.8% of Fib Extension and Weekly Upper Bollinger Band as well. The level from 1870 to 1925 is a Potential Reversal Zone.
According to the Multi timeframe Bollinger Band analysis, the price has been trading above the weekly 20 SMA (WMBB) and there is a bullish crossover of moving averages near to WMBB which is considered an area of confluence.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
GRASIM ::: BULLISH :::DATE: 03 JAN 2022
INSTRUMENT: GRASIM
TREND: BUY
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 1661.60
BUY ABOVE: 1678
STOP LOSS: 1616
TGT 01: 1698.3
TGT 02: 1725.6
EXTREME TGT: 1861.65
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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grasim seams reached ressitance with double top in hourly TFprice 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) :)
GrasimAs 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.