GRASIM trade ideas
Grasim - Elliott wave analysis - 4th wave correction It is in 4th wave correction and possibly it will be sharp correction ABC down. It may go up to 1100 level to correct the 4th wave, which is again a buy zone for final 5th wave up.
Plz give a like if you agree with EW count.
Grasim ChartCurrently, I am working on it. This is for learning purpose. Don't take this chart as seriously
Grasim - Elliott wave analysis - 3rd wave about to endIt is in strong uptrend and one more high is expected to finish to 3rd wave of the cycle. The correction will start only after that for 4th wave.
Grasim - Elliott wave analysis - Sell and Buy set up It is about to finish the 3rd wave soon. So next correction of wave 4 can be a short sell for sharp down move after confirmation in smaller time frame as well as Buy set up for next 5th wave up after completing 4th wave correction.
Grasim - Elliott wave analysis - Sell and Buy set upIt is in 4th wave correction of impulse cycle up, so short now for 4th wave down and long for 5th wave up will be the two easy set ups within the stock.
Grasim Breakout and retestedNSE:GRASIM
Tested the 966 level 4 times in 1 hr chart and given a breakout
Retested the 966 level again.
RR ratio 1:2
SL: 962
Target: 1017
Grasim: Downfall Showing on chartWait for price action, it is ready for downfall.. Chances are very high for downfall and the channel line.. Or may be can break the channel also..
GRASIMI'm not an expert I'm just sharing my views on GRASIM for next trading day
I'm not responsible for any profit or loss this is not a recommendation
GRASIM - Swing/Short Term investment The above analysis is based purely on price action & chart patterns.
The analysis is done in live market and is for study purpose only.
Trade setup along with Entry range + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.
Grasim - Intraday / Swing Trade SetupGrasim CMP - 931.50
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 938 / Stop Loss - 930
Target 1 - 943
Target 2 - 948
Target 3 - 953
Swing Targets - 1000 - 1020 / Stop Loss 900
Disclaimer: This is my view and for educational purpose only.
