#Granules facing weekly trend line resistance, can it breakout?
As per weekly chart #Granules is bullish but its near falling trend line resistance which I have highlighted with circles. Now if it can break and sustain above 350 then it can give move till 360/393/438 which are FIB resistance zones. My weekly ADX +DI is also looking good and if it cross above 25 then sudden burst of momentum can achieve above mentioned targets. Till now weekly +DI was not able to cross 25 zone since Jan'22, so keep eyes open on this counter for swing trades.
Happy earning
Happy earning
Disclaimer
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.