Granules India Ltd (Daily Chart) only for educational purpose

Jul 4, 2021

GRANULES
Technical analysis: Granules India Ltd (Daily Chart) only for educational purpose
We are still in double triangle formation in Black trade line you can see in my chart,
I’ve marked red and green color as a support & resistance area.
Resistance Levels:
First resistance between 340 to 343
Second resistance between 359 to 365
Third resistance between 372 to 375
Support Levels:
First Support between 335 to 333
Second support between 326 to 324
Third support between 315 to 312

My Target: (Not advising anyone to invest after watching my chart this is only for education purpose)
1st Target – 350.00
2nd Target – 360.00
3rd Target – 370.00

RSI: 64.81 in Daily Chart (Positive Sign)
EMA: We are expecting Golden cross over as per latest news Granules

National Pharmaceutical Pricing Authority (NPPA) allowed a 50 per cent price hike on Ibuprofen drug mentioning it a one-time hike as an exceptional measure.
The authority has also allowed a 50 per cent price rise on Carbamazepine and Ranitidine drugs.

Friend please analyses before taking any action do not depend on my analyses it’s just for education purpose only and follow the proper risk management. If you like my Ideas please hit the 👍 LIKE button and share some of your ideas in comment section.

Jul 9, 2021

Trade closed: target reached

1st Target – 350.00
2nd Target – 360.00
3rd Target – 370.00
All targets achieved....