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
Grasimltd
Grasim trade setupBroadning 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 not break the lower low get ready for a breakout.
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 : 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.
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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
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
Cup and Handle Breakout and TargetsHello there. Here is the Cup and Handle breakout of Grasim. Resistance line has been broken and closed above by the price and rejected from 61.8% Fib level based on fib extension tool.
You can see there is a trend line acting as a resistance before formation of Cup and Handle pattern. Fib level are drawn here and one can enter the trade as soon as the price breaks through and closes above 61.8% level and target will be of 100% level and above or the previous trend line acting as resistance.
Note: This is for educational purpose only. Trade on your own conviction or consult your advisor.
GRASIM - Cup & Handle in making, Intraday/Very short term swingThis analysis is purely based on price action & chart patterns
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
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.