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NeeteshJain
18 Th05 2017 09:01

GRASIM - HEAD N SHOULDER  Giá xuống

GRASIM INDUSTRIES LTD.BSE

Mô tả

It is been observed on daily chart that the price action formed a bearish Head and Shoulder, indicating a further weakness ahead.

Target: 1100

Stoploss: 1165

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Bình luận

I shall update the Target 2 once it breaks and closes below the channel in order to provide greater reward. Regards

Bình luận

Today's closing confirms the HnS pattern and now it shall further dip to 1100 levels and 1080 levels. If tomorrow, it shall give another good opportunity to short once it comes around 1140 levels.



#Follow Up

Regards

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Đóng lệnh: đạt mục tiêu

Target 1 reached successfully. Regards
Bình luận
SatyamMishra
With all due respect don't you think it's a poor risk to reward ratio.
NeeteshJain
@SatyamMishra, It is 1 to 1 risk reward on Target 1 and I shall update the Target to which will take this to 1:3 risk reward. Regards
Macky999
@NeeteshJain, thanks bro..
SatyamMishra
@NeeteshJain, thanks
abhinavk31
Good one you rock sir...is there further downside expected? Should one sell further? Thanks
nirav5
Thanks.
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