Granules India Ltd – Breakout SetupGranules India is consolidating near a key resistance zone, trading above the 0.50 Fibonacci level . Price is holding strong and showing signs of a potential breakout with volume.
The stock remains in a clear uptrend , supported by strong financial performance in the last two quarters , which adds strength to the bullish structure.
Trade Plan:
- Buy: Around CMP ₹575 or on confirmed breakout
- Stop Loss: ₹565 (closing basis)
- Targets:
- ₹605
- ₹650
Targets are aligned with Fibonacci 0.50 & 0.61 levels.
Volume expansion will be the key trigger.
