Grasim Industries Ltd: In today’s trading session, we have seen a very good bullish moment in Grasim Industries stocks. The stocks ended its day with 62.95 point gain which is aground 3%.
Gaining 3% in intraday indicates that buyers have good strength and stock can give some big movement in coming futures.
In this article, we will try to know that either we should invest this stock or not. Short term or Long term which form of investing would be best suitable for Grasim Industries Ltd.
Grasim Industries for Intraday
If we see Grasim Industries for Intraday Trading prospective then we can buy this stock above latest swing high with the stoploss of maximum 10 point and we should wait for at least 15 to 20 point target.
But we want to add something here that, Intraday trading is very risk so without risk management we should not enter in stock market for intraday trading. Instead of Intraday trading we suggest you to do short term or long term investment.
Grasim Industries for Short Term
Here, in the chart of 30 minute time frame, we can clearly say that today Grasim Industries ended its trading session in resistance zone.
And for a good upside movement, it is important for break this resistance level with good volume.
If Grasim Industries Ltd share starts trading above this resistance zone, we can see a very good bullish momentum in the stock. And this stocks has potential to deliver around 10% returns in short term.
Grasim Industries for Long Term
In the chart of daily time frame, we can clearly see that stock is trying to break its resistance zone again and again. This should be best time for long term investor to make an investment in Grasim Stock for better returns in coming years.
Investing in Grasim Industries for long term view can be very cleaver decision because technically and fundamentally both, this stock has potential to give you very good returns in your investment.
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