Expecting a downside in Grasim (Positional)

I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart.

Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.

Catatan

The price has given breakout from the trendline. SL triggered. For any Aggressive traders reverse the position.

Catatan

New
SL : 1561
Target : 1990

Kunal-Battu

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