Nothing can defy gravity forever in markets. Grasim industries stock's nonstop run from 3200 to 5400 has finally come to an end. Almost 1000 points, which took around 3 months to gain have been undone in just 3 days. There is a lesson for traders that, no matter how good things look, you need to keep your risk in check. Now let's work on levels which can give...
$GRASIM building further short (see prior run up and selloff)
$GRASIM potential long term TOP as major channel resis reached with parabolic rally of 45% similar to past 2 instances in 2013 and 2014
GRASIM RSI divergence and 2 year trend resis