GRA92 trade ideas
Grasim Industries will go UPWARDS due to Positive Divergence
POSITIVE DIVERGENCE -
A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon
REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) -
Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards
VOLUME SURGE -
Volume has surged on the daily chart on the day of writing this article
REVERSAL FROM 200D & 50D SMA ("WEEKLY" CHART) -
Price has also consolidated around these two sma from JAN to MAR (2 months) before moving upwards again indicating very strong support level formed
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 - 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 today's low remains stable. However, if the market falls below the current low, 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.
NSE:GRASIM NSE:GRASIM1! BSE:GRASIM
GrasimGrasim has shown typical pattern of respecting trendline as a resistance.
However I have marked a dotted trendline which is forming structure within structure. In a simple words if Grasim regains prices above previous trendline which overall market sentiment positive then there is good chance for Grasim to go up.
Do not enter early.
This is just for education and no tip.
GRASIM INDUSTRIES Make Cup and handle pattern in 4 hour time fram , take support of 50 EMA , MACD line saw fair value for bullish way , price is at 52 week high so first Target will be 1955.25 and stop loss will be 1690
This is for educational purpose not a trading advice so that's my view comment down your view 🤗