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NSE GRASIM: Elliott Wave Projection

Free nse grasim chart calls

Free nse grasim chart calls

Timeframe: 4H

Grasim has been forming an impulsive structure for more than two months. The price has completed impulsive wave three and has begun corrective wave four.

We can trade only after confirmation from 1653. The ending point of the corrective wave is the starting point of an impulsive wave.
If the price breaks the high of wave 3 at 1653, traders can trade for the following targets: 1674 – 1693 – 1712.

Wave 3 is extensive with a 3.618% Fibonacci extension, so we shouldn’t expect one more extensive wave. If it fails to sustain above 1653, trader can sell for the following: 1606 – 1571 – 1546. The common retracement of wave 4 is 0.382 Fibonacci retracement of wave 3.

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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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  1. Yes i was waiting for this update. HDFC bank reached all the targets. I made huge money by this call

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