PICK OF THE WEEK: GRASIM (NSE)

19th October 2019
  • On a monthly chart, the stock has been trading with a strong “Horizontal Trend Line” support which shows a bounce back movement in the counter.
  • Moreover, the stock has been continuously trading with its strong support of “89 Month Simple Moving Averages” which signify that the medium term trend is bullish.
  • On a weekly chart, the stock has been trading with the support of its “Lower Bollinger band" which suggests a bounce back movement in the counter

Company Name

GRASIM

Our Recommentation is to

Buy

Buy

746.50

Targeted Price

865

Stop Loss

688

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