Grasim - Potential Upside
LTP on NSE on 23/Feb/2024 was INR 2,190/- (with a high of INR 2,236.70 and a low of INR 2,182.60)
Although it is a good buy at current levels, conservatively I would still accumulate it around INR 2,060/- - 2,080/- zone.
Resultantly after all this discussion, I believe that the target price should be:
first INR 2,370/- and
second INR 2,900/-.
Stop Loss should be INR 2,040/-
Risk to Reward will be 1:5
The time horizon should be 12-15 months
Although it is a good buy at current levels, conservatively I would still accumulate it around INR 2,060/- - 2,080/- zone.
Resultantly after all this discussion, I believe that the target price should be:
first INR 2,370/- and
second INR 2,900/-.
Stop Loss should be INR 2,040/-
Risk to Reward will be 1:5
The time horizon should be 12-15 months
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