#GRPL#Educational purpose only
#GRPL take ong entry once price closes above 9810 and stoploss 8530
#strict stoploss
GRPLTD trade ideas
GRP Ltdmissed at 2000 levels!!! the formation which i really focused on.
GRP Ltd, established in 1974, is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres.
GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD:
GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products..
1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing.
2. Trading above 20 & 200 EMA on daily chart.
3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum.
4. RSI is at 70.46 on a Daily Chart at the time of publishing.
5. MACD Way above signal line on daily chart.
6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart.
7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum.
Projected targets as per Ascending triangle & Double bottom provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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GRPLTD NSE BULLISHVIEW ABOVE 1590 CMP 1681GRPLTD NSE is bullish if 1590 holds. NEW 52 WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
