Friday, September 13, 2013

Grasim Industires - Headed towards 2050-2000 in medium term

Grasim Ind -- Headed towards 2050-2000, short with SL 2600 on closing basis. Retest of breakdown around 2580-2600 is clearly visible on charts. 

Cement sector is completely in downtrend.



Grasim -Daily

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1 comment:

  1. Chetan ReddySeptember 14, 2013 at 1:15 PM

    Lower Bollinger reject has happened, If MACD crosses Grasim will go up. IIP textile data is strong. Downward correction is doubtful.

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