NSE:GRANULES
first granules took support from channel and now giving breakout with volume. one can go for swing but here stop loss is quite big so go with less quantity.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Multiple things to watch in this chart.
Confluence can be seen acting wonderfully.
Cup and Handle formation and breakout can be seen.
Increased volume built up on breakout is clearly visible.
Intraday setup looks like below.
Long above 265 can fetch 268/270/273 with a SL of 263.
All views for study purpose only.
Bearish bat pattern. X to A leg is an impulse leg followed by a 50 % Fib retracement at B leg. B to C a minimum of 0.382 fib retracement and a 0.886 retracement from X to A gives a valid Bat pattern
Hello trader, the last stocks nmdc & tatasteel are performing well.
Speaking of the latest trades I caught granules giving a breakout but it didn't feel safe to enter as the horizontal resistance was not broken but now granules has given a breakout with a good strong candle and looks good for the upper marked targets.
The trendline breakout was an early entry...
This was shared on July 8 and now we can again trade granules for a target of 370-400 (437 mid term) with SL 300.
Covid is likely to have a positive impact.
Looks good to buy above 338 .
Targets of 370 and 400 !
Stop-loss according to your risk appetite.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
DIP Levels on Chart
Targets:
Short term Target1 : 325
Short term Target2 : 352
Mid term Target3 : 393
Mid term Target4 : 430
Long Term : 494
Note: This is for educational purpose only
Buy in Small qty at support
GRANULES
Trading near Weekly demand zone.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
The daily chart is displaying a positive divergence between RSI and price. This combined with price activity between dual trandline support is an indication that stock may turn up and touch the upper trendline resistance, giving a risk to reward ratio of more than 4.
