55. Passive ana. 895. Short 905. IDS Set-upSell near 905 with SL of 10 pts, if background market and its index is negative.
For intraday 10 to 20 pts fall expected. (For Swing target is 860).
For Educational purpose only.
GRASIM trade ideas
GRASIM Don't Brk Tht Low ;) If you Do it culd get UGLY vry quickSell Below this Low For very nice trade
Grasim Buy SetupWill update once I enter the setup. It is most likely to trigger in Monday unless Trump trumps in G20.
Head & Shoulder pattern formation in Grasim chart.Although, it is a down trend, formation of H&S pattern along with higher lows formarion showing the chance of reversal. can look with recent swing low as SL.
Long Term - 1264 in 2 monthsWait for CCI34 on Weekly to cross >100 for safe trade.
1093 and 1134 next target
SELLDAILY FINANCIAL WISDOM: Just as in trading, "a sailor can't control the wind, but he can adjust the sails..
GRASIM WAITING FOR RETRACEMENT FOR GOING HIGH!!!MARKET ANALYSIS: The pair has broke the major resistance zone. Now we can wait for a retracement and if the support zone holds on we can see a huge impulse towards the next major resistance level. So lets wait and see what the market does in the coming days. Cheers!
BUY-869.40 , SL -834.00DAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
DNA BUY= 855 , SL -799 , TP-1019DAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
Grasim Industries - Technical Analysis - 8/12/2016Nothing can defy gravity forever in markets. Grasim industries stock's nonstop run from 3200 to 5400 has finally come to an end. Almost 1000 points, which took around 3 months to gain have been undone in just 3 days. There is a lesson for traders that, no matter how good things look, you need to keep your risk in check. Now let's work on levels which can give us good trading opportunities in days /weeks / months ahead.
A sharp bounce after a huge drop has come precisely from the first line of support area of 4200 - 4400. There is possibility that the stock can stabilize here and remain sideways or head north again. But we are more interested in the next best support level of 3800. Because when such high beta stock is on run, few hundred points are nothing. That's the reason we would like to lean against better levels so that in case of emergency we have an exit ;)
So casting a wide net between 3800 and 3500 during the drop may provide good buy side trading opportunities.
Besides, our trade set up in ICICI Bank has been working good and we are jobbing that 240 level from buy side.
$GRASIM building further short (see prior run up and selloff)$GRASIM building further short (see prior run up and selloff)
$GRASIM potential long term TOP$GRASIM potential long term TOP as major channel resis reached with parabolic rally of 45% similar to past 2 instances in 2013 and 2014
SHORT SELL GRASIM HEAD AND SHOULDERS PATTERNEventhough grasim is fundamentally strong company charts are showing weakness its a head and shoulder formation at top and ready for deep correction neckline support at 8200 a bounce expected from 8200 to 4300 and again fresh selling at 4323 levels to complete right shoulderany break below 4200 will provide target of 4000
$GRASIM short as long as under 4500$GRASIM short as long as under recent high LT channel resis in play now
