Granulesindia
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
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.
Granules Waiting for Trendline Breakout {Bullish}Entry : Only If Price Closes above 355 level
SL : 320
Tgt 1 : 400
Tgt 2 : 440
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades.
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Self-explained chart: Multiple patterns educational video
⌛ Motivational and psychological area ⌛
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🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Granules Share Trend AnalysisGranules India Ltd. engaged in business of Manufacturing & Selling API's (Active Pharmaceutical Ingredients) Company having good profit growth of 34.88% CAGR over last 5 years & Company's median sales growth is 19.18% of last 10 years.
On Daily chart time frame it is making a Widen Wedge pattern (Still breakout is yet to be happen) but still we can take it in our radar with Bullish/Bearish trend mindset. Wedge pattern formation started since Dec 2020 & now stock is trying to breakout.
So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Long Granules @342 | May Break the falling channel|GI is facing resistance by the trendline of a falling channel. It may be rejected below 342
Attempted few times to break but according to me this time it will break with increasing volumes. Tomorrow Laurus results will set the tone for API stocks.
Delivery % is around 41% , which is quite decent.
Stock most important accumulation area is 337-341.
Risky buyers may enter @cmp
safe buyers enter after 342 on a closing basis.
My Targets
T1 -> 348 (90% prob)
T2 -> 356 (60% prob)
T3 -> 365 (40% prob)
SL - 324
Long term investors hold till the results. It may cross 400.
Thanks.
Two Paths for GRANULES INDIA !NSE:GRANULES working inside a corrective pattern and seems to have more downside left.
Well, Path 1 in the chart drawn is highly probable if buying demand at the level is very high but we can not undermine Path 2 which might be alternate path but less probable.
Which one would you choose?
PATH 1
or
PATH 2