Grasim - Quick 10% move Grasim expected to get rejected from the levels of 2370.
This short term move has produce 9 to 10%.
GRASIM trade ideas
grasimgrasim
Breakout of rounding bottom pattern
support near 2580 for intraday
RSI>60
Short term target is 2800++
crossover of 10/20/50 days
GRASIM - Educational purposeGRASIM - Trade analysis,
Price moving upside by making Higher Highs and Higher lows, over all trend is positive and in the near recent days in daily time frame made triangle pattern. over all expected price will move upside.
Grasim Industries Ltd view for Intraday 12th September #GRASIM Grasim Industries Ltd view for Intraday 12th September #GRASIM
Buying may witness above 2700
Support area 2650. Below ignoring buying momentum for intraday
Selling may witness below 2650
Resistance area 2700
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
GRASIM: Awaiting Bullish Breakout with Key Resistance Levels
Bullish breakout expected above ₹2,781.25
Upside target: ₹2,866.55
Grasim - Swing TradeBullish Engulfing candle at demand zone, One can enter once high of todays candle is broken in coming week with SL below candle. And can look for target of 1:3 RR. This is not futures recommendation, please trade in cash market and stay with wind peace.
Please take advice from your advisor before taking any trade.
Grasim Weekly TF Breakout First Resistance -- 2709.6
Second Resistance --- 2734.3
Third Resistance --- 2776.5
First Support --- 2642.7
Second Support --- 2600.5
Third Support --- 2575.8
Positional long
Daily Avg. Delivery Volume %
21 Aug, 2024
68.0%
Week
56.5%
Month
59.0%
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Review and plan for 12th August 2024Nifty future and banknifty future analysis and intraday plan in kannada.
stocks to watch- included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Grasim Industries Ltd
Targets and Stoploss mentioned in chart
Market Cap
₹ 1,22,202 Cr.
Current Price
₹ 1,856
High / Low
₹ 1,865 / 1,527
Stock P/E
17.9
Book Value
₹ 1,196
Dividend Yield
0.54 %
ROCE
12.5 %
ROE
8.85 %
Face Value
₹ 2.00
Promoter holding
42.8 %
EPS last year
₹ 104
EPS latest quarter
₹ 20.8
Debt
₹ 1,03,027 Cr.
Pledged percentage
0.00 %
Net CF
₹ 71.9 Cr.
Price to Cash Flow
-9.63
Free Cash Flow
₹ -24,610 Cr.
Debt to equity
1.31
OPM last year
18.4 %
OPM 5Year
20.2 %
Reserves
₹ 78,610 Cr.
Price to book value
1.55
Int Coverage
3.44
PEG Ratio
0.93
Price to Sales
1.04
Market Cap to Sales
1.04
GRASIM...... A TRAIGLE PATTERN BREAK OUTAs the picture shown it has given gud triangular pattern break out. it may have gud potential upside.
profit booking time in Grasim?
Grasim seems to have reached its current swing high. i think we should book profit and wait for retracements for reentry.
GRASIM INDUSTRIES S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
SWING IDEA - GRASIM
Strong breakout on weekly TF
formed a flag and pole pattern which is a continuation pattern
a strong up move expected after a thorough consolidation
SL - 1856
TARGET - 2300 // 2320
Grasim Industries: Bullish Flag BreakoutGrasim Industries has formed a bullish flag pattern on the daily chart, signaling a strong continuation of the uptrend. The recent breakout is supported by high trading volume, which adds to the reliability of this pattern. Traders should watch for further upward movement as the bullish momentum continues. Proper risk management is advised, with attention to potential support levels below the breakout point. Stay tuned for updates as we monitor this promising setup.
Grasim Industries Hits New Heights: A Breakout to WatchGrasim Industries showcases a robust ascent, adhering closely to its ascending trendline and breaking past a crucial resistance point. The stock now trades in a potential consolidation zone, suggesting a decision point for investors. With a strong bullish trend and increased volume indicating sustained interest, investors should monitor for signs of a continuation towards the ₹2,650 resistance. This phase could be pivotal in determining the next strategic moves in Grasim's stock trajectory.
GRASIM INDUSTRIES S/R for 29/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Grasim Bullish Trade IDeaFor Grasim, I am still holding bullish conviction. Chart is showing good strength on the daily time frame. has been bouncing off this trendline.
Entering Long calls above PDH
GRASIM INDUSTRIES S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
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 S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
MARKET SAARTHI- STRONG BUY EXPLAINEDstrong buy @ max resistance area is level of highest resistance a script is likely to face from previous days of price action, though not computed those ways but in most cases, it represents the zone of call writers, historic resistance (in time frame u are trading) could bring reversal once we have price rejection from the area. it’s a area of high activity thus a user should be trading with caution and waiting out for strong buy signal for a highly trending move.
rules for trading max resistance area:
1) strong buy candle should be fully green
2) in case follow up candle is big and meets first 2 levels in a single move, our entry should be on hold and wait for price to retrace back to max resistance area.
3) upon retracement if we get consolidation with green candles, we can plan an entry above high of reference candle with ref candle low being sl.
4) targets will be levels above
5) in case of strong buy till price is trading above max resistance area, upon breaking of each level new entries can be initiated by keep low of breakout candle as sl.
