Tag Archives: grasim inds

Grasim Inds – Technical Analysis

Grasim Inds as on 07 May'13  – 3018.35

Grasim Inds as on 07 May’13 – 3018.35

In our last article on Grasim Inds, on 24 Dec’12, I have asked my reader to Sell on Rise when it was trading at 3171. After which Grasim made a low of 2666.75 and took a rebound in last few days.

Technically, Grasim Inds was trading in a falling channel from mid Oct’12 and recently prices broke out from this channel. Prices are trading below its its 200-day EMA which is placed near 3065. In last session prices moved and settled above its 38.2% Fibonacci Retracement of last down leg. Momentum oscillator RSI (14) is giving positive indication.

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