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.
GRANULES
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.
GRANULES
Comment:
Finally after few days of sideways movement,it gave a big move today.
Trade closed manually
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.