GRANULES INDIA SWING IDEAGranules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.
Risky players can enter without waiting for a pullback but don't forget to keep a strict stop loss in place.
Indicators :
Trade as per your RR. This is not a recommendation and the post is only for learning purposes.
NSE:GRANULES
Granulesindia
Granules - is in am intreseing pattern - Buy above 188.Granules closed at top line of a very interesting pattern.
Once it breaches this pattern, it can move up faster. Something similar to what Gold and silver did yesterday, look at the charts I've shared yesterday.
Buy above 188 and if you take it as a short term trading position keep a stop loss of 180.
Otherwise, this is a good portfolio buy, one can hold it for some time for decent upside targets.
POSITIONAL TRADE -"GRANULES"The stock is showing some positive breakouts on daily charts but the stock has seen some sell off on weekly charts from the levels of "RESISTANCE" (as marked in the charts)
If the stock is able to break the levels of Rs. 124- Rs. 125 then the stock can see good positive outset and may reach the levels Rs. 136- Rs. 137 being the FIRST TARGET and further if the stock gets some positive bias from the market then the stock can reach the levels of Rs. 146- Rs. 147 being the LAST TARGET, after which the stock will see some selling pressure as the stock has faced huge resistance at levels (which is depicted in the charts)
If the stock keeps on the low side then the short should be generated after the stock breaks the levels of Rs. 108- Rs. 109/- by which we may be able to see the levels of Rs. 90- Rs.92/-
"STAY CONNECTED"
Thanks,
Siddharth
Granules Short...GRANULES make HH and keep watch the trend break and enter ur trade...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Granules India retracing or preparing for a reversalOnly known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Ideally Retracements are "No New Trade Zone".
Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green.
*Retracement and Reversal never Predicts.
Granules ---April month strategy (Directional neutral)Hi All ,
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Following is strategy:
Buy April 105 call @ 5.75
Buy April 105 put @ 5
Total cost 10.75 , What say folks it won't move 11 rs up or down in April ? Seems one of the option writer is wrong , but let them sort it out . targets mentioned on chart .
Even if we are making 1 rs on 10.75 investment we should be out of this trade .
You need capital of 2 lakh for this trade if you don't have this is not your trade .
(Risk is as always 30% of premium paid i.e approx 3 rs * 5000 = 15k ).
Options are risky consult your financial adviser before taking any trade.