Trade rationale

Other – Study mentioned in Notes Below

The attached chart of the Grasim on linear scale showing support at 1395 levels, which also marks the completion of the fourth minuette wave, makes a target at 1425 levels and stop loss below 1380. On 3o min time frame, RSI(14) stood at42, MACD(12,26,9) at -0.87 and ADX(14,14) at 14.9 also makes confirmation for the buy call for the script at present levels.