Granules Double confirmation Trade for swing and long term
Granules - 1 Hour Chart
4 month Trendline breakout suggest Possible bullish move.
Trendline break out dated 8 Dec 21 moved Granules till Previous Resistance 345-349.50
After respecting Resistance Granules move towards previous support @ 305.
Support tested at 305
Neckline has been create at 336.50
Head and shoulder Pattern with Neckline 336.50
27 Dec 21 Neckline broken and trying to touch touch Previous Resistance 345 -349.50
Pattern indicates Resisance of 345 - 349.50 would break and becomes support.
After successful breakout target would be 357 - 375 - 385.
Trail stop loss and include this stock in Portfolio.
Buy at or above 340 with Stop loss 330.00
In case of gap up opening buy between 345 - 348 with stop loss 338.00
4 month Trendline breakout suggest Possible bullish move.
Trendline break out dated 8 Dec 21 moved Granules till Previous Resistance 345-349.50
After respecting Resistance Granules move towards previous support @ 305.
Support tested at 305
Neckline has been create at 336.50
Head and shoulder Pattern with Neckline 336.50
27 Dec 21 Neckline broken and trying to touch touch Previous Resistance 345 -349.50
Pattern indicates Resisance of 345 - 349.50 would break and becomes support.
After successful breakout target would be 357 - 375 - 385.
Trail stop loss and include this stock in Portfolio.
Buy at or above 340 with Stop loss 330.00
In case of gap up opening buy between 345 - 348 with stop loss 338.00
Target 1 hit at 357.00 and turn back exactly from the Blue Trendline drawn.
Profit gained = 357 - 345 = 12 Points as BTST (1 HR. Chart)