#GRASIM Support & Resistance

#GRASIM
Current Price: ₹2,678.25
Trend: Sideways (Consolidation Phase)
Chart Pattern: Rectangular Consolidation
(Range-Bound between ₹2,600-₹2,800)
Resistance Levels:
Immediate resistance: ₹2,750-₹2,800
Next resistance: ₹3,000
Support Level:
Immediate support: ₹2,600Strong support: ₹2,550 (stop loss level)
Volume: Moderate volume, with a decline during consolidation; significant volume
spike seen earlier in July during the uptrend. Recommendation: Buy near support level around ₹2,600 if it holds Place a stop loss at ₹2,550 to manage risk Target price range: ₹2,800-₹3,000 for short- to medium-term gains