GRASIM INDS free stock tips and share tips updated for 01st December 2015, Tuesday.

GRASIM INDS

Stock finding strong trend line resistance around 3760 as shown in above image, further price rise can be seen once it closes and holds above 3760.

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Intraday Grasim Inds looks good if it holds above 3760.
Will find resistance around 3785, 3800.
S.L - 3745.

GRASIM INDS Free share trading tips

GRASIM INDS

• Stock moving up from strong trend line support zone, chart indicates as long as stock holds above bulls will be favored.
• Stock also facing 200 DMA, this indicates as long as holds above 200 DMA further price rise can be seen.
• As per technical chart no3, If stock moves up from current levels then Grasim will find next resistance around 3410, 3440, 3485 and 3525, levels as per fibonacci retracement.

GRASIM INDS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong 50 % fibonacci retracement support, further strength expecting once stock closes above 3352. (Updated On 18th August 2014, Monday).

GRASIM INDS

• GRASIM INDS moving up from strong 50% fibonacci retracement support zone @ 3173 , close watch chart indicates as long as stock holds above 3173 it will be favored by bulls and further strength is expecting, if stock failed to move up and closes below 3173 then stock can see further weakness and stock will text its next support of 61.8% fibonacci retracement around 3040 as shown in graph no 1.
• Intraday close watch if stock starts trading below 3173, if stays below in day trading then intraday bears action is expecting.
• Suggested Reading - REC LTD moving up from strong support, close watch stock can see some up move from current levels.
• As per graph no 2. stock is holding is 100 days moving average at current levels, this indicates as long as stock holds above its 100 DMA it will be favored by bulls, and if starts trading below 100 DMA then bears may get active, and stock will give first sign of weakness. Close Watch.
• As per graph no 3 if stock moves up from current levels then on upper side will find fibonacci retracement resistance around 3352, 3393, 3465 And 3530.
• Intraday close watch if stock starts trading above 3352, if holds above the intraday bulls action is expecting in Grasim Inds.
• Suggested Reading - NEYVELI LIGNITE is moving in oversold zone as RSI around 30 level, can see some bounce back.
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