Granuels India - Final Waves Unfolding from 2008/2009 Bottoms

Feb 7, 2021

• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post
financial crisis
• Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time
consuming pattern – taking this as primary or main view.
• Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details
are available
• Alternate Scenario / view-
If Stock moves vertical above 600-700 zone that could be early signal that it has potential for
bigger moves later but failing to cross the suggested zone will also call markets participants to be
cautious at the new highs

• Short Term Trading

Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2-
450/500+ or Buy Above 380 if fails to drop in 300-325 zone.

• Long Term Trading

Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of
time then participants have to be careful & review would be required at later stage.

*** Avoid Taking Long Positions if stock falls below 280 levels ***
Thanks & Best Wishes

Feb 9, 2021

Trade closed manually