Grasim from 2 July 2020Grasim has formed ascending triangle patter in 4H time frame. ... possible upside breakout
MACD & RSI both are in uptrend Zone .... MFI is also rising possible upside movement present...
ATR is around 15-20 rupees possible ATR * 1.5 = 25 - 30 rupees buffer can be maintained to avoid wicks
GRASIM trade ideas
GrasimIt breakout from the ascending Triangle ,
Last day looks like Retracement ,
Its might check its support at 0.786 FR and bounce or It can bounce Directly .
Better to take a Long position once you get the confirmation candle From Fibonacci Retracement .
Looks Good in Volumes Above 100 MA .
SAFE Entry 602 Target-614
Don't Waste your hard earned money......