Grasim Industries - Pattern with EW Counts

Weekly Chart

Grasim Industries is in the process of completing its Wave 4 of Primary degree and symmetrical triangle formation as shown in the weekly chart above.

                                                                   Hourly Chart

In intraday chart also stock has broken above down trendline and has formed an ascending triangle.


The stock can be accumulated around 3450 - 3500 with stop loss of 3370. Chart structure pattern targets and Wave 5 to be around 3750+.

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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while INVESTING or trading in markets