GRANULES INDIA Current Closing Price 372.65. shares of Granules India are in continuous uptrend. A recent side ways move seems ending up with TrendLine0 breakout qualifying a stock price to reach at least all time high line of TrendLine1 at 437.00 around. Keep Watch. Always a strict stop loss to be maintained to avoid big losses.
Stock Name - Granules India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 371
#This is not Buy and Sell recommendation to any one. This is for...
Trendline & Resistance Breakout
Expecting Big move from here
Above 405-410 Big Rally
Try to Book Profit Near resistance
Enter in trade near retracement or above Previous day high
Follow Stoploss on Weekly Closing Basis
daily chart GRANULES LTD.
if granules close above 231 on yesterday then stock has breakout of daily and weekly both timeframe
buy above 331 with sl 313.50
first target 364.70
second target 427
holding period : target should be compete on or before 11 nov 2022
note : - above the 437 stock will be open wide-range upper side, final target be...
Granules India has maintained support of 340 price level after breakout.
As identified in chart, Bull has made counter attack the bear candle.
RSI is also increase by taking support of 60 levels,this shows stock is still in bullish momentum.
If volume is consider, current candle has above average volume.
Target of 395 can be achieved in upcoming...
Granules India is uptrending stock and recently given breakout in monthly and weekly time phrame.
Still breakout levels are maintained and retesting of same is going on,this is good time to buy and as bears are not able to close price below breakout levels.
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Granules India Limited has made longterm line breakout in daily timeframe.
Nifty Pharma is also in upward momentum and this will support Granules India in up trend.
RSI is also crossing 60 level and bollinger bands are expanding.
Bollinger band are standard deviation of average price of stock and expanding Bands show there are chances of big move in stock.
Granules India has formed three drives and Flag pattern on the Monthly and weekly charts. Looks good for going Long for minimal target of 435+ and if it breaches and closes above this then we can see target for 500+
Granules India Ltd - 05.08.2022
The stock is trading @ 309 levels
The prices are above EMA
Waiting for breakout above 321
There is a SPINNING TOP in Weekly Chart
STOCHASTIC is OVERBOUGHT in Weekly Chart
RSI is 55 in Weekly Chart
Watch out for the price action
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...
#NSE:GRANULES descending triangle shared yesterday and all the levels respected well , it started from trendline and reached to reisistance and reversed.
Perfect example of price action !!
happy LEarning !!