Grasim industries is another stock that is trading at a strong support level and is ready for up move, Stocks on weekly chart shows a up trend hence we only focus on buying opportunities. Recently slow stochastic has given a crossover on weekly chart so we are expecting strong buying here. Also the chart shows that there is support at 2929, which was a resistance previously. But as price action is ... [Continue Reading]
Technical Analysis: Grasim shows sign of upmove, Buy now
Grasim's daily chart shows the trend in stock is up, hence trading in the direction of the trend we will be looking for buying opportunity in this stock. As we give closer look to the daily chart we see a bullish divergence forming on slow stochastic indicator. Daily chart of GRASIM: Traders can take long position on Grasim in range of 3170 - 3230 for target of 3500 in short term. While ... [Continue Reading]
Strong Fundamentals Bullish Outlook for Grasim Industries, Strategy: Buy on Dips
Grasim Industries Ltd. is well diversified company into different high growth sectors. When we study charts of the stock performance we see that there is lot of possible downside in this stock form current levels. Technically speaking there is a sell call generated in this stock at current levels of 2220 for targets of 1800 and then 1745. It is also advised to place the stop loss above the 2300 ... [Continue Reading]