Q : Why stock fell so much ? Ans : Granules India had a huge fall on September 12 after the USFDA inspection revealed 6 observations.
Q : What does Granules company do ? Ans : Granules is an Indian multinational pharmaceutical manufacturing company based in Hyderabad. Granules manufactures several off-patent drugs, including Paracetamol, Ibuprofen, Metformin, Guaifenesin etc
Remarks : 1 If breaks low then don't try to catch the falling knife rather one can go short & trail. 2 If crosses Ichimoku's base line then go long & keep last week low as a stop-loss. 3 There's huge divergence in option data as well & large unwinding of orders. 4 Current PCR is at 0.50 which quite oversold, hence expected to bounce from here
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.