📊 Granules Limited 🎯NSE:GRANULES
Finally, Granuals limited share taken support from harmonic PRZ one can go for swing long as per their trade set up and stop loss as per risk appetite.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
GRANULES
Falling Wedge IN GRANUALS
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
The descending wedge pattern appears within an uptrend when price tends to consolidate, or trade-in a more sideways fashion. Connecting the lower highs and lower lows will reveal the slight downward slant to the wedge pattern before the price eventually rises, resulting in a falling wedge breakout to resume the larger uptrend.
GRANULES INDIAGranules india, this stock has recently tooked support from good support zone area and has given breakout along with good intensity of volume in hourly time frame, trend indicator macd in daily has turned positive with uptick, same in hourly time frame macd turned positive crossover with uptick above zero line, in daily bkp has formed along with bbc in hourly time frame, with positive ungali setup. one can go long at current levels or in dips ( if any ), stoploss and targets are mentioned in chart.
breakout with good intensity of volume
tooked support from support zone area
key levels are mentioned on chart
macd in daily positive crossover and uptick
macd in hourly positive crossover, uptick and above zero line
rsi in hourly positive uptick
bkp in daily
bbc in hourly
dmi adx positive
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Granules - Changing Trend DirectionAfter long time stock has stopper making LH LL
and started making HLs
Trend line breakout with high volume
300 - 315 proved to be a good support area in Gaily TF
Risk to reward is moderate or better if entered in partial qtys at current and lower levels
view negated if close below 295
GRANULES is at support can give up to 29% returnsI will buy GRANULES because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 315/320
Target : 405
Stop loss : 303/300
GRANULES INDIA
Target:- 402
Stoploss:- 318
Duration:- 2 to 4 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
Granules - 800 - Not soon, but possibleGranules has made a flag pattern on weekly.
Once this hits the red channel bottom, it can make very quick moves to reach 600 - 700 and possibly 800 levels. I will start accumulating small quantities on dips.
This is not a trading or investing advise. Please consult a registered stock market expert for any trading / investing decision. I am a newbie trader :)
#FORTIS CMP236 #Target254 #PMModi #ModiSpeech #Pharma #CNXPharmaDaily Chart
#FORTIS
NSE: FORTIS
Short Term Quick Profit
CMP 236
Target : 254
SL : 226
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Granules analysisGranules analysis :
Here We can see Granules is making LH LH and HL HL pattern means symmetrical triangle and breakout containing with higher volume is good sign that Granules will go upside but there is another resistance line which is forming ascending triangle.
So first breakout should have follow-up candles with good volume that lead to ascending triangle breakout as well which is still pending.
We can clearly see that volume is rising while consolidation was happening from March till July Mid 2021.
So final verdict is to wait for Price to move above 380 then make positional bet on this script. Stop loss should be below 300. Target must be open with mindset and risk appetite.
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Granules - 1:2 Risk reward stock🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Breakout Expected this week. Keep in RadarThis stock has the superb fundamentals and looks very good on chart for swing trading.
Double bottom formation is near to complete if it gives breakout.
Majority of buying done in last few days.
A good momentumeis expected any side, mostly up move as per price action patterns.
This post is for information purpose only
Will Granules Break the Downward ChannelAfter making a high of 437.95 Granules has been moving in a downward channel making consistent Lower Highs and Lower Lows until today.
There is a strong support at 299-305.
Anyway to make any long term investment in this scrip it has to break the channel on the upperside.
Granules - Time to unwind long positionsKey Takeaways:
1. This indicates that buyers have lost their strength. The buying momentum is fading out. While demand has been pushing the stock price higher, there was significant selling.
2. The buyers managed to bring the price back to near the open, the initial sell-off is an indication that the price has likely peaked.
3. The massive volume on Doji represents significant unwinding of long positions.
4. The price may even consolidate instead of falling down. But there is no use in holding a position during consolidation(until and unless you are a long-term investor) because that has a huge opportunity cost.
5. This can be the right time to close your existing long positions.
6. Obviously, don't take my word for it. I am nobody. Try to do your own analysis, observe the price action, check the response of the market, and take your decision accordingly
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.