Grasim Industries will go UPWARDS due to Positive Divergence

1. POSITIVE DIVERGENCE -
   
   A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon
   
   
2. REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) -
   
   Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards
   
   
3. VOLUME SURGE -
   
   Volume has surged on the daily chart on the day of writing this article
   
   
4. REVERSAL FROM 200D & 50D SMA ("WEEKLY" CHART) -
   
   Price has also consolidated around these two sma from JAN to MAR (2 months) before moving upwards again indicating very strong support level formed
   
   

Zlecenie aktywne:

Booked half profits as price has hit a very strong support-resistance zone and may reverse from there

Transakcja zamknięta: osiągnięto wyznaczony cel:

Price has gone a long way upward since the prediction of bullish divergence was made, enough profits & Supertrend indicator (factor - 2) has reversed hence exit the positions