Grasim Industries will go UPWARDS due to Positive Divergence
POSITIVE DIVERGENCE -
A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon
REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) -
Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards
VOLUME SURGE -
Volume has surged on the daily chart on the day of writing this article
REVERSAL FROM 200D & 50D SMA ("WEEKLY" CHART) -
Price has also consolidated around these two sma from JAN to MAR (2 months) before moving upwards again indicating very strong support level formed