GRASIM
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 - 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 trade setupBroadning decending wedge is a bullish pattern
2 probabilities, one is beariah as we can see a divergence in RSI. Second one is bullish as this pattern is a bullish pattern.
Once the wedge is broken upside we get to see those targets .. or if it continues in the range we get to see the bottom support line as target but remember if it continues downside and did not break the lower low get ready for a breakout.
GRASIMNSE:GRASIM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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
Swing Trade - GRASIM📊 Script: GRASIM
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2287
🟢 Target 🎯🏆 - 2410
⚠️ Stoploss ☠️🚫 - 2241
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
GRASIM SETUP The stock is coming out of consolidation and is expected to make a top around 2150-2300 levels as per the expectation and may correct too after completing the technical pattern. It is making an entry into paint business which can give some boost as things are speeding up. However a strict sl is recommended as per the market conditions
GRASIM--Demand ZoneA strong demand zone is created in this stock from 2060 levels,
immeditely sellers push the price downwards,now from demand zone price is moving upside,
if this demand breaks then price test the demand zone at 1960 levels.
so keep look for shortside in this stock.find short oppurtunities in this stock.
Drop base drop chances are more.
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
Grasim--Good Buy @1620-1660 Range??Observations:: NSE:GRASIM
the stock is trending upwards.
the price is broken the previous resistance @1660 range.
after breaking resistance price is slowly moving towards next resistance.
Recently broken the trendline to reach the demand zone, look for buy at these zones.
The previous resistance acts as support @1660 ,price will move upwards again.
we have next resistance@1840 range. Price may reversal again from this Zone.
we have support @1660 and strong upside moment@1620 range,
If demand breaks at 1660 look for buy @ 1620.
demand zone @1660 range which may act as support again.
targets --1780,1840,1920
Keep watch this levels.
Use alerts @ every place, we cannot track each and every stock daily,
if you use alert system provided by Tradingview, which will alert you when the stock is near its demand or supply zone.
Use alert few points above demand or supply, you will aware when its coming towards your levels.
GRASIM - Bullish Swing ReversalNSE: GRASIM is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
GRASIM : Break support & trying stayGRASIM broken support and now trying to back again in levels. whoever that is false breakout or break down...it will recover quickly in opposite directly.
it is possible Grasim can touch quickly near resistance line if its back inside of box.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
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