Grasim - Potential UpsideLTP 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 INR 2,040/-
Risk to Reward will be 1:5
The time horizon should be 12-15 months
Grasimind
Grasim - Elliott Wave CountGrasim- 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 trade with caution.
BSE:GRASIM NSE:GRASIM1! NSE:GRASIM
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