GRASIM LONG IDEA

2020年5月29日

Grasim broke out of its triangle pattern today and opened gap up.
As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR.
Trade will be initiated when pullback occurs.GRASIM

2020年5月29日

交易進行

Retracement done. Pullback signal in one hour timeframe confirmed.
Bought at 578.50.

2020年5月29日

註釋

579 - - > 592
Still holding for at least 595 target.
Overnight position is risky in current market situation but let's see what happens on Monday.

2020年6月1日

註釋

Exited at target 1: 592 and target 2 : 595+
Made high of 599. Actual target should have been near 599 as it was a resistance area but booked early and missed almost 1% of upmove.
Anyway, 3.3% is pretty good for a one day holding trade.