GRASIM INDUSTRIES LIMITED TREND ANALYSIS – 2 APRIL 2019

IN GRASIM INDUSTRIES LIMITED STOCK WE FOUND THAT FROM LONG TIME IT WAS INTACT WITH SELLERS AND PERFORMING UNDER BEARISH TREND, RECENTLY THE TREND REVERSE AND PROVIDES THE CONTINUATION IN UPWARD DIRECTION AS WELL AS IT GIVES THE SUCCESS FULL BREAKOUT OF RESISTANCE ZONE. IN DAILY TIME FRAME IT RE-TESTED THE LAST BREAKOUT AREA AND PROVIDING POSSIBILITY TO TAKE THE MARKET IN UPWARD DIRECTION. THE SAME SCENARIO HAPPENING IN HOURLY TIME FRAME. HERE SOME DIFFERENCES ALSO IT IS SLOWLY COMING TO THE LAST BREAKOUT LEVEL. POSSIBILITY OF MAKING THE SPACE FROM SELLERS AND GET THE EQUAL FIGHT BETWEEN BUYERS AND SELLERS. NOW IT IS TRAVELLING ON THE LEVEL. LETS SEE THE MARKET NEW SCENARIO.