BUY
GRASIM ABOVE 1130 TGT 1150/1180 SL 1100
Primary trend of the GRASIM is bullish After showing correction from the
higher level, now stock is trading in short term recovery phase, it is likely
to continue the upside move in near term with the crossing of the resistance level
of 1130 as the stock is managing to sustain above the level of 1130. One may
get the targets of 1150,1200 in the stock with the stop loss of 1100.Overall trend of the stock is bullish. if the stock is managing to trade
above its RSI of 50.And GRASIM manages to sustain above the immediate support
level of 1110. 22 &55&200 EMA can see as a strong resistance at 1153,1168,1141.
It is likely to experience fresh buying with the crossing of 200 EMA . On the
other hand, If the Grasim
manages to close below these levels then the Grasim can drift to the levels of 1090
to 1060 with the stop loss of 1140.
DAILY CHART FOR GRASIM:
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