Is Grasim entering paint business?

On the weekly chart of Grasim, an interesting pattern known as a symmetrical broadening wedge is currently taking shape.

This pattern occurs after a breakout from a 42-week descending broadening wedge pattern. The symmetrical broadening wedge is characterized by the formation of two diverging trend lines, with the upper line sloping upward and the lower line sloping downward. This pattern suggests a period of increased volatility and uncertainty in the stock’s price movement. Traders and investors may closely monitor this pattern for potential trading opportunities and to assess the stock’s future direction.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.