The stock of Grasim Industries saw a sharp decline in price over the last three weeks. But it has not found support at ₹2,680. Notably, the price action shows that the stock has largely been oscillating within the broad price band of ₹2,680-2,920 since July last year. Therefore, the support at ₹2,680 has been holding well. From the current level, there is a good chance for the stock to see a rally, possibly towards the upper boundary of the range at ₹2,920 in the near future.

Video Credit: Businessline

Hence, traders can consider buying the stock of Grasim Industries now at ₹2,724. Place a stop-loss at ₹2,625. When the price rises to ₹2,800, trail the stop-loss to ₹2,700. On a rally to ₹2,860, tighten the stop-loss to ₹2,800. Exit at ₹2,920.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on March 6, 2026