Stock of the day : Buy Grasim Industries Ltd For Target Rs. 1,910 - Religare Broking Ltd
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Grasim Industries Ltd
* Grasim has registered a breakout from consolidation range with noticeable volumes after one and a half years.
* Formed the base while holding above the support zone of short term moving average i.e. 20 EMA on the weekly chart.
* Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Grasim Industries Ltd CMP 1819.45; Range 1815-1825; SL 1780; Target 1910
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