Grasim: Intraday trading setups on 2nd December 2024

Grasim had a very good setup today. 2638 was acting as the a resistance for the last few sessions. As soon as the day opened the sell side liquidity was taken by the 1st 15 minute candle when the prices went below the last day swing. The close above 2638 was indicative of strength in buyers. I was expecting it to go till 2700 which is a round number. I was able to hold the trade till 2676. The retracement after in 10:30 and 10:45 candle was appearing deep and buying momentum was not there. Nifty 50 was sideways till that moment and hence I exited the trade. But later on the trade did go till 2700 and consolidated near it.