Grasim positional long opportunityPharma sector is looking strong for coming days. So here I see a good buying opportunity in GRASIM.
GRASIM trade ideas
GRASIM GO LONGNICE BREAKOUT GIVEN BY GRASIM ON DAILY CHART
ONE CAN ENTER AT ABOVE 1507 OR ONE CAN ENTER ON RETESTING OF 1470 LEVEL FOR THE TARGET OF 1540, 1570 & 1650
GRASIM taking support after breakoutGRASIM taking support after breakout it have potential to move 100 points
GRASISM 1D time fram analysisIn this chart i have clearly shown with arrow where market can move if it take dip, there are W pattern which has high support also, if it break that also we have trend line if we extend that trend li e it is respecting previous datas.
What to do now:
Wait for retest if it break W pattern then we have trend line where we can initiate buy.
Grasim Buy with small stop lossCup and handle pattern with a immediate support.
very small sl with good risk to reward.
GRASIM - 52 week high breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle 52 week high breakout with increasing volumes. RSI above 65 indicates bullish momentum.
SL: 1370₹
Good to go LongStatistical Brief Market Cap₹ 98,921 Cr.
High / Low₹ 1,507 / 565
ROE7.29 %
ROCE11.9 %
Debt to equity0.98
Return over 1year140 %
Return on assets2.83 %
Free Cash Flow₹ 11,148 Cr.
Sector Trend Positive on Weekly Chart
Stock Trend Positive on Weekly Chart
Pattern Double Bottom
Grasim Ascending TriangleGrasim Ascending Triangle
Target 1 : 1550
Target 2 : 1680
Note : Only for educational Purpose . Please do your own analysis before trading .
ascending triangle breakoutbreakout of a ascending triangle breakout with good volumes. good risk reward
GRASIMAfter reversing from a Bullish AB=CD it formed a Cup and Handle pattern which is indicating continuation of rally towards 1550/1625 & 1700 which also happens to be a trendline monthly resistance as long as it sustains above 1420. Breakout gets stronger on hourly close above 1490 else one can use dips if any till 1450-1435 for an entry.
Cup & Handle Patterns are bullish continuation patterns found in uptrends (Source: Investopedia)
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
Grasim Ready to Breaout BUY @ 1490 Grasim Ready to Breaout BUY @ 1490 hold the swing till the rally continues..!
