Grindwell Norton invites attention as it positions itself for a potential breakout. This exploration delves into the compelling factors shaping a promising swing trading opportunity.
Reasons are listed below :
Grindwell Norton has undergone rigorous testing at the 2320 levels, displaying resilience and now gearing up for a potential breakthrough.
A bullish...
In the Weekly Chart of GRINDWELL ,
we can see that, after Cup & Handle breakout,
it has also given breakout of W pattern.
let it retest and then enter with SL.
Grindwell Norton Company has two types of business, Abrasives Business and Ceramics Business. In Abrasives business they manufacture a full range of bonded abrasives, coated abrasives (including non-woven Abrasives) and Super abrasives. In Ceramics business they manufacture refractory systems for high temperature, ballistics and wear application. CMP of the stock...
NSE:GRINDWELL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
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
Grindwell Norton Ltd. is a company involved in business related to Industrial Abrasives, adhesives, High performance ceramics and plastics, exterior architectural products and products related to cyber security and infrastructure. For abrasives in the industry the company has a cult status. CMP of the company is 1936.15. Negative aspects of the company are that...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
