Timeframe: 4h
GRASIM has accomplished the impulsive structure at 1816.25 and started forming correction. In our previous idea, we traded the 5th sudden wave and made a good profit.
Click Here – Will GRASIM Reach The Final Target?
In the aftermath of wave (5), we have witnessed a sharp decline in the price. It took five trading sessions to correct seven bullish sessions. Generally, it is called the transformation of a bullish trend into a bearish one.
Price has broken down the corrective base channel. If the price sustains below the parallel channel, traders can trade for the following targets: 1680 – 1660 – 1625.
As history shows, the channel has worked as a good support level. There is also a possibility of price reversal. In this case, traders can expect the following targets: 1731 – 1744 – 1793+
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Thank you for this analysis. You owe Me one! keep sharing your brilliant ideas.
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Great Setup identified as usual !!
superb prediction
Deep and detailed!!!
Fantastic,,,,,
Kindly Analyze NIFTY,,,,
sir ji 17500 brek nifty ab kya lagta