Buy Grasim above 2147
Target of 2209-2487-3043
SL 1959
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Strong breakout on weekly TF
formed a flag and pole pattern which is a continuation pattern
a strong up move expected after a thorough consolidation
SL - 1856
TARGET - 2300 // 2320
strong buy @ max resistance area is level of highest resistance a script is likely to face from previous days of price action, though not computed those ways but in most cases, it represents the zone of call writers, historic resistance (in time frame u are trading) could bring reversal once we have price rejection from the area. it’s a area of high activity thus...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
LTP 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...
Broadning 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...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Has given a long term trendline and Gann level BO at 2194 where SL can be placed just below this level
Can reach the marked targets as given in the graph.
NSE: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,...
📊 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
⚠️...
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
A 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.
An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Grasim after good consolidation today grasim gived 3.4% up move maybe more upside moment still pending...
Technical ::-------
1) Cup and handle pattern
2) bullish flag
3) volume also good
up side target 1842 / 1933
