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Grasim Industries will go UPWARDS due to Positive Divergence

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NSE:GRASIM   GRASIM INDUSTRIES

  1. POSITIVE DIVERGENCE -

    A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon

  2. REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) -

    Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards

  3. VOLUME SURGE -

    Volume has surged on the daily chart on the day of writing this article

  4. REVERSAL FROM 200D & 50D SMA ("WEEKLY" CHART) -

    Price has also consolidated around these two sma from JAN to MAR (2 months) before moving upwards again indicating very strong support level formed

交易开始:
Booked half profits as price has hit a very strong support-resistance zone and may reverse from there
交易结束:到达目标:
Price has gone a long way upward since the prediction of bullish divergence was made, enough profits & Supertrend indicator (factor - 2) has reversed hence exit the positions

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