Abhijit Paul of Alphative Advisors told CNBC-TV18, "This is the kind of market where it is a little tough to find out trades whether risk reward ratio is in ones favour or not. Grasim Industries is one stock which I am looking at very closely because of the fact that it is within a very tight multi week range."
"I will only look to buy into this stock once I have a breakout on the upside. That will mean that the stock needs to move above that Rs 2770 mark, in that case it can easily extend for a test of Rs 2950 on the upside. If that happens I will be using a stoploss of Rs 2630 on the downside," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
