GRANULES INDIA - Downtrend Breakout
Updated
GRANULES INDIA
1) Time Frame - Monthly.
2) Previous month candle strong breakout follwoed by current month cancle close with strong rejection / Retracement of the previous breakout & looking bullish.
3) Downtrend strong triangle pattern breakout.
4) Next target would be Previous All Time High - 437.95 followed by the primary trend target / resistance at around 192 in the long term.
5) Recommendation - Strong Buy
1) Time Frame - Monthly.
2) Previous month candle strong breakout follwoed by current month cancle close with strong rejection / Retracement of the previous breakout & looking bullish.
3) Downtrend strong triangle pattern breakout.
4) Next target would be Previous All Time High - 437.95 followed by the primary trend target / resistance at around 192 in the long term.
5) Recommendation - Strong Buy
Note
As mentioned previously, Target 1 - 437.95 (8%) from the given price 405.45 is achieved and the current trading price is 459.80 (13.4%) from the given price 405.45.Note
As mentioned previously, Target 2 - 598 (47.50%) from the given price 405.45 is achieved.
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