GRANULES trade ideas
Buy GranulesAccording to chart anylasis price closed above 10 day moving average so technically bullish and we can buy.
Buy @ CMP or above for target 355, 360, 365++
Granules Share Trend AnalysisGranules India Ltd. engaged in business of Manufacturing & Selling API's (Active Pharmaceutical Ingredients) Company having good profit growth of 34.88% CAGR over last 5 years & Company's median sales growth is 19.18% of last 10 years.
On Daily chart time frame it is making a Widen Wedge pattern (Still breakout is yet to be happen) but still we can take it in our radar with Bullish/Bearish trend mindset. Wedge pattern formation started since Dec 2020 & now stock is trying to breakout.
So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
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This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Can you capture 30% move in Granules - Swing tradeFor more Ideas go to the bottom of this post -->
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✺✺ Target: 1000 Followers ✺✺
✺Strategy 1: Low-risk high rewards type strategy: long on current price as risk will be only 9% ( near term swing low ), rewards will be 1st= breakout then waiting for ATM
✺Strategy 2: Breakout strategy, let it close above the Pink line risk would be high in this one as it can fake the BO and come back down and again break the pink line so put your SL accordingly :) also on a breakout trade, the targets would be around 15%
✺IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
✺--------------------------- 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
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➼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 :)
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➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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GRANULES - Ride Impulse Wave 5It looks like Granules has entered into its impulse wave 5 after roughly 7 months of time correction. Pay special attention at resistance zone of 365 - 375. Weather will not be good and you will feel strong turbulence. Good luck!
Please note that - No pattern is 100 % accurate, No candlestick is 100% accurate, No Indicator is 100% accurate. Market is extremely dynamic. It moves in own spirit. No one can predict it, its just a wild guess everyone is making and all analysis are debatable! This idea is just for education purpose and representation of my own understanding. I love to see what other people think about this and create a healthy conversation. I strictly do not recommend anyone to take any action based on my analysis as I may be right or wrong so use your own knowledge, wisdom and analysis.
Granules India Breakout from a ResistancePositional trade:
Buy: Granules India
CMP: 323
Target: Open but at least till 340
Stop Loss: 316
Falling Channel Breakout Good range to add around 300 for long term investment. Any time may move out of channel which can good return.
Watchout Triangle PatternTriangle Pattern In Granuel India In Weekly Time frame. Buye When Triangle got break Buy Above 323 For Target 440 with Sl 295
Head & Shoulder neckline support brokenIn a downward move stock has broken Head & Shoulder neckline support. However has taken support of long term trendline and Fibo 0.236 levels. Watch out for breakout.
head and shoulder patterngranules broke h and s pattern and retested good for short enrty for the given target
Granules - Targets mentioned on chartNote- This is not a recommendation. This is just an idea that I have. Trade at your own risk.
Stop Loss - 322
Targets - On chart shown with yellow lines
Granules - ONCE YOU GO PHARMA THERE IS NO GOING BACKBuy lower at the marked levels and hold till the marked target.
buy granulesafter some consolidation, it has break its range of 335. we may see 365 in coming days. view negated below 321
