Granules analysis
Updated
Granules analysis :
Here We can see Granules is making LH LH and HL HL pattern means symmetrical triangle and breakout containing with higher volume is good sign that Granules will go upside but there is another resistance line which is forming ascending triangle.
So first breakout should have follow-up candles with good volume that lead to ascending triangle breakout as well which is still pending.
We can clearly see that volume is rising while consolidation was happening from March till July Mid 2021.
So final verdict is to wait for Price to move above 380 then make positional bet on this script. Stop loss should be below 300. Target must be open with mindset and risk appetite.
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Here We can see Granules is making LH LH and HL HL pattern means symmetrical triangle and breakout containing with higher volume is good sign that Granules will go upside but there is another resistance line which is forming ascending triangle.
So first breakout should have follow-up candles with good volume that lead to ascending triangle breakout as well which is still pending.
We can clearly see that volume is rising while consolidation was happening from March till July Mid 2021.
So final verdict is to wait for Price to move above 380 then make positional bet on this script. Stop loss should be below 300. Target must be open with mindset and risk appetite.
If you like the analysis hit the like button and subscribe.
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