The daily chart is displaying a positive divergence between RSI and price. This combined with price activity between dual trandline support is an indication that stock may turn up and touch the upper trendline resistance, giving a risk to reward ratio of more than 4.
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...
Buy Granules India in Cash or Futures..It is at tradeline support with RSI Divergence. It will give 15-20% returns in coming 10-25 trading sessions.
Granules 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...
Granules India Ltd - trendline breakout StopLoss @ 364 Target 1 @ 402 Target 2 @ 426
Flag 🚩 pattern strong Trend More than 75% upside potential on weekly 📊chart Can double in long term
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 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 :)
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🔴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...
Key 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...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Weekly Breakout with Volume in Granules. Expecting good returns.
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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