GRASIM INDUSTRIES | Ascending Traingle Breakout | ATHGrasim industries is following trend line and i approaching the previously tested all time high of 1243. If the high breaks out with high volume, one can easily attain a 1:3 reward trade. Higher highs are sign of strength. Both weekly and daily MACD indicator are building up momentum.
Wait for the breakout to enter
Sharing this for educational purpose only.
GRASIM trade ideas
GRASISM 1D time fram analysisIn this chart i have clearly shown with arrow where market can move if it take dip, there are W pattern which has high support also, if it break that also we have trend line if we extend that trend li e it is respecting previous datas.
What to do now:
Wait for retest if it break W pattern then we have trend line where we can initiate buy.