Wyckoff - postional trade in GranulesGranules has completed wyckoff in hourly chart and set to itself for trend moves. Relative strength speak same.
GRANULES trade ideas
Granules India for 35%+ gainsDate: 3 Oct’24
Stock: Granules
Timeframe: Daily chart
Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance.
This is not a trade recommendation. Please do your own analysis.
Aisa lagata hai ki Granules India ne 5 ke Wave V mein apni badhat shuroo kar dee hai, jo 810-820 (595 kee vartamaan keemat se 35%) ke aasapaas samaapt ho sakatee hai, jaisa ki chart mein dekh sakte hain. Achhi volume aur RSI ka majaboot ulataav is rukh ka samarthan karta hai.
Yeh koi vyaapaar ki rai nahin hai. Kripya apna vishleshan khud karein.
Granules SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
GRANULES#GRANULES
Is looking good on the weekly chart. Strong closing would have been better. Volume is good and relative strength is also positive. Buy with a SL below the swing low.
Positional Trade -- OPTIONS Trade not advisable Granules
cmp 575
Buy on dips till 520
SL CLB 490
Targets 625-725 & probably more
Plz dont forget to boost this idea & for more info, you can visit my profile
Rgds,
Naresh G
SEBI Reg. RA
GRANULES INDIA LTDBuy above 595
All important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
GRANULES READY TO FIRE The “W” chart pattern, also known as the double bottom pattern, is a bullish reversal pattern in technical analysis. It indicates a potential change from a bearish trend to a bullish trend. Here’s a brief overview:
Characteristics of the W Pattern:
Formation: The pattern forms after a downtrend and consists of two consecutive lows (bottoms) with a peak in between, creating a “W” shape on the chart12.
Support Levels: The two bottoms represent significant support levels. The price drops to a certain level, rebounds, drops again to a similar level, and then rebounds once more1.
Breakout: The pattern is confirmed when the price breaks above the peak between the two bottoms. This breakout signals a potential upward trend2.
How to Trade the W Pattern:
Entry Point: Traders often enter a long position when the price breaks above the peak between the two bottoms.
Stop Loss: A stop loss is typically placed below the second bottom to manage risk.
Profit Target: The profit target can be estimated by measuring the distance between the bottoms and the peak, and projecting that distance upward from the breakout point
Bullish ReversalThe Granules stock has shown signs of a potential reversal, indicated by its oversold Relative Strength Index (RSI).
Granules - W BreakoutGranules :
Double Bottom breakout in progress
Looks good above 588 with support at 570
GRANULES INDIA LIMITED (EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
GRANULES INDIA LIMITED
TARGET RS 585
CMP RS 556.10
ENTRY RANGE RS 550-562
STOP LOSS RS 530
Disclaimer: I am not Sebi Registered.
A rally to exitGranules CMP 540
Elliott- These sharp falls are just the first leg A of the three wave correction ABC. The stock should rally from around this zone to 647. In my view exit this counter on this rally. Coz the devastating C leg will start from here. Which should complete around the 380 zone. This place will be an opportunity to buy.
Pattern - this is an inverted V shape fall and is a directional signal.
Volume- that bear candle has huge volume. This means bears are in total control.
Conclusion - the bears will leave it a bit loose. And its the retail that will be caught in this rally .So do not fall for it. Use the rally to exit your longs. Traders that C leg will be a hell of an opportunity.
Granuels Date 15.09.2024
Granuels
Timeframe : Weekly
Q : Why stock fell so much ?
Ans : Granules India had a huge fall on September 12 after the USFDA inspection revealed 6 observations.
Q : What does Granules company do ?
Ans : Granules is an Indian multinational pharmaceutical manufacturing company based in Hyderabad. Granules manufactures several off-patent drugs, including Paracetamol, Ibuprofen, Metformin, Guaifenesin etc
Remarks :
1 If breaks low then don't try to catch the falling knife rather one can go short & trail.
2 If crosses Ichimoku's base line then go long & keep last week low as a stop-loss.
3 There's huge divergence in option data as well & large unwinding of orders.
4 Current PCR is at 0.50 which quite oversold, hence expected to bounce from here
Regards,
Ankur
Granules -Round Top -WeakGranules :
Round Top Formation
Looks weak below 555, upper end support at 572
Granuals big breakdown from top levelSeen distrubution phase on top level , 700 works as strong distrubution zone. very intresting breakdown at down side.. want to see how the pull back and remaining move wroks.
~Educational purpose only
Granules India Ltd is in Breakout from a long term channelGranules India Ltd and its subsidiaries are primarily involved in the manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages.
CMP: 694.15
PE: 34.2
Debt to equity: 0.41
Since the valuation is reasonable and lower than Industry PE is giving attraction to this stock.
The zone upto 697.5 is acting as LOP zone in lower time frame analysis.
Since the Pharma sector is in a trending upward flow, this stock can be a good pick with best fundamentals.
Few qty can buy above 698 and further above 721 level at closing basis.
Updated entry in Granules Sweep in QML structure and also a valid breakout confirmed. Now price will move upside. This is for educational purposes only.
Can Granules run a 20 up month in Sep?
Among the best Pharma chart as of now.
Only 13% in Aug under a monthly expansion.
Smart Money Concept in GranulesThe overall trend is uptrend. Here we have two Order blocks (OB) in 1hr time frame. The price given Break of Structure (BOS) by creating a impulsive move. So we need to wait for the price to touch either decision OB or Extreme OB. Before taking entry, let's check the Change of Character (CHOCH) in 3 mins timeframe. This is for educational purposes only.
GRANULES TARGET 782 STOP LOSS 625Script already monthly uptrend channel bout with confirmation by previously week open and close with bullish. Target is 782. Stop loss 625
GRANULES -- 508-540-582 SL 422-435 ZONE Granules India Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price moving on Upper Bollinger Bands in daily chart
4. ABCD Pattern under formation on weekly chart
5. Price crossed above 20 Week SMA last week
6. High Trade and Delivery quantity during the week
7. Stock outperforming sectoral and benchmark index on 1week and 3 momths
8. Both ARS and SRS above zero
Good Risk and reward with buy on dips and dips only with major support near 425- 435 zone being 20 day / 20 Week SMA respectively and for next resistance near 508-540-582 zones
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ATH BreakoutFacing the last resistance after three years, the daily close is bullish, and the highest closing
## Manage your risk
GRANULES INDIA - Downtrend BreakoutGRANULES INDIA
1) Time Frame - Monthly.
2) Previous month candle strong breakout follwoed by current month cancle close with strong rejection / Retracement of the previous breakout & looking bullish.
3) Downtrend strong triangle pattern breakout.
4) Next target would be Previous All Time High - 437.95 followed by the primary trend target / resistance at around 192 in the long term.
5) Recommendation - Strong Buy
