Grasim Industries Technical Charts

By | April 21, 2009 5:13 pm

Grasim Industries is trading in a small range from 1575 to 1675 in past few trading Session

Today it took support at 20 EMA and closed at 1604,Now it faces resistance at 1675.

So longs can be intiated with a tgt of 1675 with a sl of 1559 and if 1675 breaks it opens gate for the target of 1700 -1725

RSI2 is near overbought zone and Win RD is showing positive divergence.

Category: Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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