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SHRIHARII
Dec 30, 2023 8:45 AM

GRANULES INDIA - Downtrend Breakout Long

GRANULES INDIANSE

Description

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

Comment

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.
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