Granules 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...
Positional trade: Buy: Granules India CMP: 323 Target: Open but at least till 340 Stop Loss: 316
Note- This is not a recommendation. This is just an idea that I have. Trade at your own risk. Stop Loss - 322 Targets - On chart shown with yellow lines
AFTER A JUMP OF 400% THIS STOCK IS GOING TO BE RANGE-BOUND FOR SOME TIME. 300-310 IS THE SUPPORT FOR THE SHORT TERM. THE STOCK SHOULD TOUCH 460-480 LEVELS TILL THE TIME HOLDING ABOVE 300 LEVELS THANKS
Granules ready for BO Can buy now at 350 and add more on bounce from 325 SL 315 T 380, 410, 445, 480
Granules india Bo Above 345 Target- 400, 440 SL- 300
Shifted from downside parallel to upside parallel. Will go to 430 levels in medium term if the trend continues. Retraced 38.2% in both weekly and monthly Note: This is for educational purpose only
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...
Granules near a trendline resistance. Can wait till it breaks or can add here in dips with keeping 295 as stop loss. If it can break this then can easily move upwards
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
Clear pull back and will reach greater highs
It is currently at the resistance. If it breaks out, it could give 365. Wait for it to close above resistance line.
I am a swing trader and here taking my long position and holding strong at level 332 - 335. Stock is taking consistently support on the 317-319 support zone and gives a strong bounce back. Looking to add more at support levels. Please consult your advisor before taking any position. This is just for educational purposes.
A clean breakout has occured in Granules along with nice volumes. I will wait for the retracement and look for buying opportunities.