Granules Support Resistance Granules on a support / resistance level which being respected since 2015.
Expect stock to go higher once the crucial level broken.
Also a bullish divergence .
GRANULES
Granuels : Long term buy opportunity Buying Granuels for long term and will add on dips upto 100.
Only for patient and long term oriented
Granules ---April month strategy (Directional neutral)Hi All ,
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Following is strategy:
Buy April 105 call @ 5.75
Buy April 105 put @ 5
Total cost 10.75 , What say folks it won't move 11 rs up or down in April ? Seems one of the option writer is wrong , but let them sort it out . targets mentioned on chart .
Even if we are making 1 rs on 10.75 investment we should be out of this trade .
You need capital of 2 lakh for this trade if you don't have this is not your trade .
(Risk is as always 30% of premium paid i.e approx 3 rs * 5000 = 15k ).
Options are risky consult your financial adviser before taking any trade.
Granules at Trendline Support and 200MA SupportEnter at CMP
Target 125/140/150
Stop Loss 112
Maintain Trailing SL
- All the Best
GRANULES weekly chart (reference purpose only)GRANULES weekly chart (reference purpose only).
Expecting the major trend to continue upwards and dips can be buying opportunity.
Please use this analysis for your reference as a supplement to your own analysis.
Long : Ascending Scallop BreakoutThe stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High yesterday thus triggered the buy signal. The patterns is very reliable so one can take advantage of it. One can expect the target of above 145. Theoretically one should provide the stop loss below 124 on closing basis however I would trade it with Stop loss of 127. One can decide it depending as per their risk taking apatite.
Double Top with RSI Divergence RSI Divergence in double top area is showing the potential weakness. The pseudo upthrust bar yesterday with big volume is another confirmation for the potential short today with Stop Loss just the high of the previous day bar.
Granules SHORT Dr Andrews MPL Action Reaction TechniqueThe stock has formed a beautiful MPL and Action Reaction method is suggesting that price may get reaction at this level. One can short the stock now with appropriate stop loss and can expect the price range 116 - 114. RSI is coming out of Overbought zone confirming the potential short.
