Granulesindia
Granules Breakout(Trendline+Resistance)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 and safer trade can be taken on the retracement of the horizontal resistance.
Buy above - 355
Better buy - 345 (might not retrace here)
Targets marked on the chart above.
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GRANULES INDIA Daily Chart Analysis 12.12.2021GRANULES INDIA as per daily chart analysis Posted 9.12.2021 above 337 level and on 10.12.2021 the stock made closed at 344 level and from here it will hit the target 350 level and retrace for a brief consolidation for break out for the next target 369 level
GRANULES INDIA Daily Chart Analysis 30.11.2021GRANULES INDIA as per daily chart analysis is in the downtrend channel and it has made four attempts to break the channel and once it crosses the resistance level 310 and in the fifth attempt it should give a breakout. So once 310 level crosses will update you.
GRANULES INDIA Daily Chart Analysis 26.11.2021GRANULES INDIA has taken the support of its previous resistance 310 level as its support and if it breaks the support 310 level then the next support is 303 level and breaking the trend line another support at 295 level for the stock to reverse.However one can see a fresh buying opportunity only after full correction completed.
GRANULES INDIA Daily Chart Analysis 23.11.2021GRANULES INDIA as per Daily Chart Analysis today had broken the consolidation and also broken its first resistance level 310 and closed at 313 level. The Stock should move from here and next resistance is at 335 level. Holding the Stock and Happy Trading to all
📊 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.
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 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.