internal_0rgan
Long

GRANULES INDIA SWING IDEA

NSE:GRANULES   GRANULES INDIA
Granules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.

It is above all the major Moving Averages (20,50,100,200)

A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.

Risky players can enter without waiting for a pullback but don't forget to keep a strict stop loss in place.

Indicators :


Trade as per your RR. This is not a recommendation and the post is only for learning purposes.
NSE:GRANULES
Comment: Made exact high of 188.50
I was in it for a BTST trade and have exited.
Couldn't book at my desired level of 188 targets due to zerodha server issues.

View is still valid above 188+ .Retracement towards 182 is complete and a further upside is possible once 188 is broken on 75CB.
Comment: Finally after few days of sideways movement,it gave a big move today.
Trade closed manually

Comments

Good analysis 👍
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