Grasim Industries Ltd (1-hour chart) gives a clearer structure. #grasim #equitystockanalysis

Grasim Industries Ltd (1-hour chart) gives a clearer structure.

Let’s break it down carefully 👇

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💰 Current Price: ₹2,924

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⚙️ Key Technical Zones

Type	Price (INR)	Remarks
Immediate Resistance	₹2,924–₹2,940	Price is testing this zone now
Support 1	₹2,914	Minor intraday support (former resistance turned support)
Support 2	₹2,832	Strong base zone (multiple rejections earlier)
Support 3	₹2,758	Major swing support — low-risk buying zone if pullback happens

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📈 Short-Term Outlook (2–7 Days)

✅ Bullish Scenario

If the price holds above ₹2,914–₹2,920 and stays strong:

• Target 1: ₹2,950

• Target 2: ₹2,985

• Target 3: ₹3,030 (extended swing move)

Stop-Loss: ₹2,880 (closing basis)
Expected Reward: ₹60–₹100 / share
Risk–Reward: Around 1 : 2.5 — favorable

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🚫 Bearish Scenario

If the stock fails to hold ₹2,914 and closes below ₹2,880:

• Target 1: ₹2,832

• Target 2: ₹2,758

Stop-Loss: ₹2,940

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🧭 Summary Table

Parameter	Value
Trend Bias	Short-term bullish (above ₹2,914)
Ideal Entry	On dips near ₹2,915–₹2,920 with confirmation
Stop-Loss	₹2,880 (closing basis)
Targets	₹2,950 → ₹2,985 → ₹3,030
Holding Period	2–7 trading days
Risk–Reward	≈ 1 : 2.5

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📌 Pro Tip:
If the first target ₹2,950 hits quickly, book 25–30 % profit and trail stop-loss to your cost price (₹2,920) to lock in gains while letting the rest ride toward ₹3,000+.