F&O Radar| Deploy Broken Wing in Grasim to gain advantage from bullish outlook
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Momentum indicators also support this view. The Relative Strength Index (RSI) stands for Grasim at 63.68 and is trending strongly upward, indicating improving bullish momentum with further room for price appreciation. Synopsis Grasim shares trade near Rs 2,900, showing bullish momentum with strong technical support and breakout potential above Rs 2,920. Analysts suggest deploying a Broken Wing Butterfly options strategy to benefit from the upward trend while managing risk and taking advantage of renewed buying interest. Shares of Grasim are currently trading around Rs 2,900, consolidating within a wide range near their peak levels after forming a higher high–higher low structure on the daily chart.This technical formation reflects strong buying interest and a healthy accumulation phase at elevated price zones. According to technical indicators, the stock now appears poised to break out of its consolidation zone, suggesting a potential con...