GRANULES trade ideas
Short Term Opportunity in GranuelsShort term long opportunity in Granules as it broken triangle pattern
Granules 1DGave a good breakout with good volume and wait for retest to enter (for safe traders).Please do your own analysis before investing
Granules - 1:2 Risk reward stock🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Granules- Weekly chart
- Swing/ Positional/ Investment Idea
- Coming out of 6 Month long correction/ Base
- First target ATH, Can be added more on ATH Break
- Risk management & Position Sizing, as per appetite and individual strategy
- Earnings expected in 10 days, IMP
GRANULES INDIA GIVES BREAKOUTGRANULES INDIA MAKE BULLISH DOUBLE BOTTOM "W" PATTERN AND GIVE BREAKOUT WITH VOLUME ON DAILY & WEEKLY TIMEFRAME KEEP EYE ON IT...(ONLY FOR STUDY PERPOSE)
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Intermediate-3 or Wave B of third correction bounce 1)scenario
Current wave count:
cycle-3
primary-1
intermediate-3
minor-1
as per this count current bounce being an intermediate wave 3 bounce,price should go till 420.(standard 1.618% extention of wave 1 from wave 2 low)
longs can be initiated @ cmp of 338 with a stop-loss of 314 on closing basis and a tgt of 420.
2)Alternate scenario
Intermediate 1 is wave X,Intermediate 2 shown here is wave A of third correction and currently wave B bounce is going on.If this bounce fails to cross Intermediate wave 1 high of 364 in less time than wave 1 took to form( before 24th june) than this count will get validation.
This view is also supported by the slow move that is seen after breach of trend line and it's re-test. Basically if Intermediate 1 had crossed wave B high of second correction "y" before 26th April than there wouldn't have been a case of an alternate scenario that is described here.
As per this scenario also longs can be initiated for wave B bounce of third correction with a stop of 315 on daily closing basis on the down side but target would be uncertain because of the unknown nature of the third correction(It could be any flat regular,irregular or running or an triangle) still i would say that stock has a potential to go till 354.
Hence build position accordingly.
Momentum wise stock is showing strength as rsi has crossed 55 levels on daily chart and stock is trading above it's 20 sma,this is also supported with the positive cross over of 5 sma over 20 sma indicating momentum is intact in short-term.
Hence build position accordingly.Follow risk per trade rule in order to size your trade.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
GRANULESGranules looks very interesting
Keep an eye
Long above 380
Keep SL AS 345 ON CLBS
This may move towards next resistance zone of 424-430
Breakout Expected this week. Keep in RadarThis stock has the superb fundamentals and looks very good on chart for swing trading.
Double bottom formation is near to complete if it gives breakout.
Majority of buying done in last few days.
A good momentumeis expected any side, mostly up move as per price action patterns.
This post is for information purpose only
GRANULES: FLAG breaoutA breakout from a FLAG PATTERN with large volumes. Sustaining above 375 , stock will move to towards 435/475/490 zones.
GRANULES BREAKOUT TRADING SETUP EXPLAINEDHi Friends and Fellow Traders,
Detailed analysis , levels and rationale marked on the charts
Granules - Volumes trying to tell somethingDifference between doji it formed earlier and now is volumes. Volumes are huge and shows this time breakout might be real and take the stock higher after long consolidation between 300 - 350 levels.
Will Granules Break the Downward ChannelAfter making a high of 437.95 Granules has been moving in a downward channel making consistent Lower Highs and Lower Lows until today.
There is a strong support at 299-305.
Anyway to make any long term investment in this scrip it has to break the channel on the upperside.
