Monday, September 10, 2012

Grasim - Elliott Wave Analysis

Weekly Chart
I have been following this particular count on Grasim, for quite some time now. I think if this count is correct, it is quite close to maturing. Mind you this a weekly fractal, so don't ump to conclusions as of yet. I am only suggesting that a very big pattern may be nearing completion. And I would look for signs of reversal in the 3160 - 3360 range.
This post can be taken as a gentle reminder to Grasim INVESTORS, that the risk reward to the long side is not favorable any more, and they should be on their toes should anything untowardly happen in this counter.

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