rdkriplani

Grasim - Breaking out of a long term down trend

NSE:GRASIM   GRASIM INDUSTRIES
With everything resolved on the Vodafone front in Supreme Court things could now start to look u for this company.
Ultratech cement, its other holding its also moving up.
Once it crosses the 200WEMA things could change for this company which has been a major underperformer all this time while its prime asset Ultratech cement has been moving up.

Long at CMP as long as 770 sustains. First target 833 and then 960.
SL 3-5% below purchase price depending on risk appetite.

I am bullish on this company as long as it sustains above its 200WEMA which is currently 769.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.