Grasimlong
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
GRASIM SETUP 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
GRASIM--Demand ZoneA 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.
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--Good Buy @1620-1660 Range??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 next resistance@1840 range. Price may reversal again from this Zone.
we have support @1660 and strong upside moment@1620 range,
If demand breaks at 1660 look for buy @ 1620.
demand zone @1660 range which may act as support again.
targets --1780,1840,1920
Keep watch this levels.
Use alerts @ every place, we cannot track each and every stock daily,
if you use alert system provided by Tradingview, which will alert you when the stock is near its demand or supply zone.
Use alert few points above demand or supply, you will aware when its coming towards your levels.
GRASIM : Break support & trying stayGRASIM broken support and now trying to back again in levels. whoever that is false breakout or break down...it will recover quickly in opposite directly.
it is possible Grasim can touch quickly near resistance line if its back inside of box.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
#BERGEPAINT #BERGEPAINTlevel #BERGEPAINTSwign #Swing
GRASIM : can touch resistanceGRASIM can touch resistance zone next week and there we have to see if its able to break it or no.
If its break resistance zone, we may see good level with small support.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
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
R-0190 Short Term Cash Buy GRASIM @670.00-672 SL 648 TGT 715Short Term Cash Buy GRASIM @670.00-672 SL 648 TGT 715
TK cross over + about to break ichimoku cloud on the upside + MACD cross over
Next resistance is 705-708 zone once it break it convincingly then we expect more upside as then next is 793 so can get 5-10% TGT so keep an eye on 708 level.