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GRASIM: Elliott Wave-Based Swing Setup

Free nse grasim chart calls

Free nse grasim chart calls

GRASIM has accomplished wave 5 of wave (c), and we may expect an upward move for the following targets: 1380 – 1420 – 1447. BUT, you should not buy this stock before reading this complete research report of GRASIM.

GRASIM has made a low of 1276 at wave C, and the price started forming a traditional cup and handle pattern. Wave C has reached 161% Fibonacci extension of wave A at 1276.

If the price breaks out at 1353, traders can trade for the following targets: 1380 – 1420 – 1447. Breakdown of the parallel channel will make this trade invalid.

According to wave theory, there is no way to change a trend until a lower-degree fourth wave breaks out. The price will be bullish if it breaks out of sub-wave 4 at 1456.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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