Long Granules @342 | May Break the falling channel| Long

GRANULES INDIANSE

Description

⋅ Apr 28, 2021 6:49 AM

GI is facing resistance by the trendline of a falling channel. It may be rejected below 342

Attempted few times to break but according to me this time it will break with increasing volumes. Tomorrow Laurus results will set the tone for API stocks.

Delivery % is around 41% , which is quite decent.

Stock most important accumulation area is 337-341.

Risky buyers may enter @CMP

safe buyers enter after 342 on a closing basis.

My Targets
T1 -> 348 (90% prob)
T2 -> 356 (60% prob)
T3 -> 365 (40% prob)

SL - 324

Long term investors hold till the results. It may cross 400.

Thanks.

Comment

⋅ Apr 28, 2021 7:12 PM

can enter now for longterm

Comment

⋅ Apr 30, 2021 4:27 AM

Long above 340 on 1hr candle closing.

Comment

⋅ Apr 30, 2021 4:34 AM

Very near to the breakout. Attempted 5th time for the breakout ...yet rejected.... wait for the breakout with volumes :)

Trade active

⋅ May 3, 2021 7:34 AM

Breakout Done....has to stay above 340

Trade closed: target reached

⋅ May 14, 2021 8:38 PM