Granules made a high of 438 in December 2020 and from then on it was a continuous fall from that high. It was forming a Rounding Bottom and another similar formation was formed within this pattern.
After making a High of 475 it has fallen and it is at a Horizontal support zone @ 399 -408 and a sloping trendline support.
Ist Target is around 510 and a 2nd Long Term...
breakout of Dec 2020 means 3 year breakout. breakout confirm and very stable against downside wave in the market.
possible be a great up move in the market soon.
Name Granules India
CMP Rs. 430.15
Mar Cap Rs.Cr. 10425.49
Qtr Profit Var % 1.06
Sales growth % 4.13
Profit growth % -22.19
3mth return % 6.09
ATH % Diff % 10.48
PEG 0.84
P/E 26.37
NP 12M...
1. 8 Months consolidation breakout and first retracement
2. Risk to reward is lucrative with 1:6.8+ RR
3. Trend is bullish to sideways
4. If Nifty makes new high, high probability is granules will follow
- Is Granules India our next PFC contender?
- Similar move, pattern, and good strength observed.
- It's worth considering a speculative move.
- However, we must not risk everything.
- Our course of action:
1. Granules India's current market price is around 476.
2. We will Wait for today's closing, which should be above 474 to meet our bullish trade...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Granules in weekly time frame is generating some big volumes and a breakout is expected this week, if it closes above this parallel channel, then we can expect 20-30% returns.
Granules India Strong Breakout
Strong Breakout
Bullish
Awesome Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Script is long term monthly and weekly brekaout from the strong resistance of 426 of the year 2020 and weekly closing is very good with bullish. If it sustains above the range of 426 to 455 in this monthly closing then it will reach the long term target of 606
Analysis:
The chart of Granules India on TradingView suggests a promising breakout opportunity, potentially signaling a long entry chance for traders. Let's analyze the details based on the information provided on chart.
Current Price: ₹455.75, above the old year resistance level of ₹436.20 marked by the orange line.
Breakout Confirmation: The recent surge...
GRANULES 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...
Key Levels:
Support: 408
Resistance 450, 520, 650
Key Drivers:
Granules India is a pharmaceutical company with a market capitalization of ₹10,876 crore. Its current stock price stands at ₹449, with a high/low range of ₹453/₹268. The stock has a P/E ratio of 27.6 and a price-to-book value of 3.65. Its EPS is ₹16.3, and it offers a dividend yield of 0.34%. The...
This stock is looking strong in weekly and daily charts. The company has given a strong breakout on daily chart of 428 resistance level. This resistance level is created in Dec 2020 i.e 3-year ago. Generally we have seen if a stock gives long term consolidation breakout, big upside moves can be expected from the stock. The stock is from pharma sector and pharma...
Previous high of the stock 436 made in Dec 2020 which is likely to be crossed in the coming weeks, once 436 level crossed by the stock by early in the morning today or in coming days, the next leg of move will start. As per rule, the stock can move upto 200 pts in the coming weeks, Now the trade is this :-
1. Look for 440 CE if crossed 436 and hold for the...
