Sunandamedi

GRANULES

Short
Sunandamedi Updated   
NSE:GRANULES   GRANULES INDIA
Short Granules with a target of 95 with a stop loss of 108. Then it should cross 107/123, from there. Inverted head and shoulders is observed with neck line at 107.
Trade active: Made a low of 102.5. Closed at 105.6. Target 98 next
Comment: As expected it came upto 101.8 only and bounced back. Crossed the neckline and touched 114.5.
Comment: Partial profit booking at 115.4 and 118.8 is good. The reason is double top is observed at 114.6.

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