Grindwell Norton near support zoneStock has been corrected near 20% from lifetime high and in this quarter mutual funds and fii have increased their shareholding. Stock is trading at its supporta zone . First target 2510 and second would be 2750.
GRINDWELL trade ideas
Grindwell Norton near support zoneStock has been corrected near 20% from lifetime high and in this quarter mutual funds and fii have increased their shareholding. Stock is trading at its supporta zone . First target 2510 and second would be 2750.
Short TradeBelow zone in support there could me upmove too. If the trend changes will update from short to Long in future.
GRINDWELL NSE:GRINDWELL
Moving upward from lower and support level.
Once close above 2500 it will go up.
Sl- 2440
Target- 2542/2628/2727/2790++
Rsi> 44
MA50 crossed by shortterm MA 10 &20
go long - swing pick- this stock shows signficant delivery percentage value
- possible chances for accumulation
- may perform good in upcoming days
- this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- line marked in chart is the day it showed huge delivery percentage.i consider it as signal candle.i marked its high and low
entry
- go long with 1:1.5 RR
- take entry if 15min close crosses the line , ignore entry if it made gap ups
- i prefer entry with in 5 days , if not triggered ignore this pick
sl
- candle close below signal candle's low
target
- keep 1.5 times of sl.
Long Term Breakout in Grindwell Norton
Strong relative strength on hourly TF
sharp v shaped reversal after failed BO in feb
Breakout and retest done of a multiyear base
uptick in volume and volatility
Entry 2628 SL 2425 target 3RR
GRINDWELL NORTON This stock breakout triangle pattern
and retest of this ATH resistance level
TGT will be 3571 SL 2300
This analysis for educational purpose only
Grindwell norton horizontal BreakoutGRINDWELL NORTON has given Breakout with volume spike. this could be a possible swing trade.
GRINDWELL NORTON NSE:GRINDWELL
this stock gives brake out on daily chart .
its looks good to enter in this stock
Buy rate 2370
SL 2220
Target 3500+
GRINDWELL NORTON This stock took support from major trendline stock create good opportunity for swing trade
and this is only for educational purpose
Go shortRsi and macd both negative divergence. Short with tg 1700.
Do ur own research and correct me if I am wrong
SWING IDEA - GRINDWELL NORTONGrindwell Norton invites attention as it positions itself for a potential breakout. This exploration delves into the compelling factors shaping a promising swing trading opportunity.
Reasons are listed below :
Grindwell Norton has undergone rigorous testing at the 2320 levels, displaying resilience and now gearing up for a potential breakthrough.
A bullish ascending triangle pattern is unfolding, suggesting an imminent breakout as the stock converges towards higher levels.
The weekly timeframe reveals a powerful bullish signal in the form of an engulfing candle, hinting at a shift in market sentiment and the potential for upward momentum.
Witnessing a consistent pattern of higher highs, Grindwell Norton exemplifies a robust upward trajectory, reinforcing confidence in the prevailing bullish trend.
Trading above both the 50-day and 200-day Exponential Moving Averages (EMAs) on the weekly chart, the stock exhibits strength and stability, enhancing the overall technical outlook.
A notable increase in volume activity aligns with recent price movements, adding weight to the potential breakout scenario.
Target - 2635 // 2864
Stoploss - weekly close below 2200
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@visionary.growth.insights
Grindwell NortonConsolidation breakout on daily charts. Good to enter with some stop around last swing.
Grindwell Norton Golden Cross OverResistance 2215 / 2315 /2479
Support 2075
RSI above 60 D /W /M
EMA in Rane 20/50/100/200
Volume Growth
Grindwell Norton-Nice breakout.Grindwell Norton-Nice breakout.
Capital to be deployed- 20k
Investing Price -2266-2275
Breakout Price -2266
Stoploss-2024
Targets-2606/2862
#grindwell #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
GRINDWELL - Weekly AnalysisIn the Weekly Chart of GRINDWELL ,
we can see that, after Cup & Handle breakout,
it has also given breakout of W pattern.
let it retest and then enter with SL.
Grindwell Looking for a Grand Breakout.Grindwell Norton Company has two types of business, Abrasives Business and Ceramics Business. In Abrasives business they manufacture a full range of bonded abrasives, coated abrasives (including non-woven Abrasives) and Super abrasives. In Ceramics business they manufacture refractory systems for high temperature, ballistics and wear application. CMP of the stock is 1878.40. Negatives of the company are high valuation (P.E. = 59) and MFs decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit and FIIs are increasing stake. Entry in the stock can be taken after closing above 1900. Targets for will be 1960 and 2023. Long term target in the stock will be 2152 and 2189. Stop Loss in the stock can be kept at a closing below 1723 closing.
GRINDWELLNSE:GRINDWELL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Grindwell Norton may go North (Positive)Grindwell Norton Ltd. is a company involved in business related to Industrial Abrasives, adhesives, High performance ceramics and plastics, exterior architectural products and products related to cyber security and infrastructure. For abrasives in the industry the company has a cult status. CMP of the company is 1936.15. Negative aspects of the company are that they have high valuation (P.E = 62.7). At the same time positives aspect of the company are that FIIs and MFs are increasing stake. Debt on the company is very low and there is Zero promoter pledge. Book value of the share and annual net profit of the company is improving. Entry in the stock can be taken after closing above 1953. The target will be 2042. Closing above 2042 can open the doors for 2113 and 2192. Stop Loss should be maintained at a closing below 1780.
