Arbind

Granules :: Inverted Head and Shoulders in the making

BSE:GRANULES   GRANULES INDIA LTD.
Granules is in the process of completing an inverted head and shoulders pattern. Can only be bought once the pattern is completed around the levels of 149. Once trading comfortably above 149 with high volume , the Stop could be placed at 145 and an initial target of 157 would be very likely . Will fly above 157 .
Order cancelled: Buy condition to buy above 149 never materialized.
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