The stock has been in strong uptrend after correcting from the peak of Rs2900 it touched during the month of December. The strong up moves has been backed by sharp surge in volumes. The momentum indicator like RSI and MACD are exhibiting positive divergence. The stock has managed to hold the key support levels on a closing basis despite the widespread volatility. We believe the cross above its critical resistance zone Rs2,710 on a closing basis may see rally extending to Rs2,900 and above. We recommend traders to buy the stock at current levels for a 2-3 weeks target of 2800 & 2900 with a strict stop loss placed at Rs2,640
Buy Grasim around Rs2,700,
Target 2800 & 2900
