Technical Analysis of Indian Equities by Nooresh

Grasim – Short Term Trading Opportunity



Grasim Technical View :

-> The stock has made multiple tops at 2850.

-> In previous attempts the stock corrected sharply but this time after a little dip the stock is again turning around.

-> A pre-emptive buying can be initiated at current levels with a stoploss of 2680 or in momentum above 2850 with a target price of 3100.



Thanks and Regards,

Nooresh Merani

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{ 1 comment… add one }
  • rony March 27, 2014, 20:08

    Since few days this stock is in my radar.. I am keenly waiting for its breakout even i know there are lots of breakout stocks in market but this is not in eye of everyone due to less volatility and rangebound.. Lets see.. Thanks for the nice post..


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