Hi everyone, Grasim industries mid term swing trade consider buy above: 1,790, targets: 1,894/1,965/2,080, stoploss: 1,722.
LOGIC BEHIND TRADE: Stock on daily chart has formed (W) pattern & near it`s resistance if breaks next resistance will be all time high above (ATH) on weekly chart (harmonic xabcd pattern level 1.618) will be activate & target will be 2,080. Stoploss is taken low of resistance candle.
GRASIM
LOGIC BEHIND TRADE: Stock on daily chart has formed (W) pattern & near it`s resistance if breaks next resistance will be all time high above (ATH) on weekly chart (harmonic xabcd pattern level 1.618) will be activate & target will be 2,080. Stoploss is taken low of resistance candle.
GRASIM