GRASIM trade ideas
Grasim - Elliott wave analysis - Sell and Buy set upIt is in 4th wave correction of impulse cycle up, so short now for 4th wave down and long for 5th wave up will be the two easy set ups within the stock.
Grasim Breakout and retestedNSE:GRASIM
Tested the 966 level 4 times in 1 hr chart and given a breakout
Retested the 966 level again.
RR ratio 1:2
SL: 962
Target: 1017
Grasim: Downfall Showing on chartWait for price action, it is ready for downfall.. Chances are very high for downfall and the channel line.. Or may be can break the channel also..
GRASIMI'm not an expert I'm just sharing my views on GRASIM for next trading day
I'm not responsible for any profit or loss this is not a recommendation
GRASIM - Swing/Short Term investment The above analysis is based purely on price action & chart patterns.
The analysis is done in live market and is for study purpose only.
Trade setup along with Entry range + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.
Grasim - Intraday / Swing Trade SetupGrasim CMP - 931.50
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 938 / Stop Loss - 930
Target 1 - 943
Target 2 - 948
Target 3 - 953
Swing Targets - 1000 - 1020 / Stop Loss 900
Disclaimer: This is my view and for educational purpose only.
GRASIM-Whether we are in wave 4) or (X) ?Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
GRASIM CHANNEL BREAKOUTGrasim closed above the upper side of the channel. Good for 880 900 920
Stop Loss - 900 on a closing basis
Grasim - Intraday / Swing Trade SetupGrasim CMP - 856
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, stop loss & targets.
Buy at or Above ONLY 863 / Stop Loss 855
Target 1 - 868
Target 2 - 873
Target 3 – 877 / 880
Swing Target - 900
Disclaimer: This is my view and for educational purpose only.
GRASIMIm not an expert im just sharing my views on GRASIM for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Grasim - Intraday / Swing Trade SetupGrasim CMP - 826.95
Looking bullish in higher time frame. However, it will go for a retracement and then upside. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or Above ONLY 834 / Stop Loss 825
Target 1 - 838
Target 2 - 843
Target 3 – 845 / 850
Disclaimer: This is my view and for educational purpose only.
GRASIM - Intraday/Very Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
