Buy Grasim Industries Ltd For Target Rs.1,390 - Religare Broking
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Derivative Ideas
GRASIM gained 1.71% and closed at 1331.7 on 15th June. The stock after being in corrective bias of late is now trying to stabilize near its support at 1290-1300 levels.On hourly charts, the stock has given a descending triangle breakout at 1315. Holding 1290, we anticipate a good move on the upside and thus suggest initiating Longs as per the recommended levels.
Strategy:- BUY GRASIM @ 1315-1320, STOPLOSS 1287, TARGET 1390.
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