Granules Cmp 332.50 dated 6.4.2021Granules Cmp 332.50 dated 6.4.2021
breakout above 335, volume high
RSI divergence
Buy above 335 tgt of 350-360-375 sl 310.
It is just a view pls trade at your own risk.
GRANULES trade ideas
GRANUELSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
GRANULES: Ready for a deep dive?Maybe I am seeing things the way I've drawn them, but it looks like GRANULES has broken below a trend line around 330. It has had a phenomenal run once it broke out above 135 and hit life time high of 438. But the H&S pattern at the end of an uptrend is a stronger pattern as AbhishekSinghCMT has taught us. Look at the recent increased volumes also which support this. Now if this theory about H&S pattern is true, we are looking at a drop all the way to 208 levels! Scary huh?
cRSI is showing an uptick at the bottom but a stock may remain oversold for days. This view will be negated once it breaks up into the channel again above 333 levels on EOD basis. If it does, I wonder if we see 370 levels again.
Trading is a WHAT-IF business. This is just an idea I am contemplating. This is a cash only stock with no FNO space.
GRANULES - shall we expect the reversal??Fundamentals are highly supportive. Once, the price of Paracetamol API starts increasing, think of the price levels. Comments are welcome for value addition.
Next Move I am still Looking for Correction in it , Currently its attempting to Make Flag Pattern ,
One can Look to trade in this short distance or Let it Go wait for this entire move to complete then You can take
decision on reversal
Good luck
Granules --- Breakout PossibleIt is currently at the resistance. If it breaks out, it could give 365. Wait for it to close above resistance line.
GranulesStock has already broke down an important support.
Till trading below 313 remain cautious on this one.
Keep n eye.
Granules - Below 200EMAAnother pharma stock which has fallen below its 200EMA and needs to bounce tomorrow else it could fall till atleast 284.
There are rumours in the market of the promoter wanting to sell the company at a billion $ valuation and around 284 would be that price.
Caution if you already own it..Again because of the rumour it wouldnt to wise to short it but to look to buy it at a lower level..
Granules: Long Position: Short Term Trend SwitchShort Term transition of trend from Bearish to Bullish,
Granuals India - High probable swing tradeI am a swing trader and here taking my long position and holding strong at level 332 - 335.
Stock is taking consistently support on the 317-319 support zone and gives a strong bounce back.
Looking to add more at support levels.
Please consult your advisor before taking any position. This is just for educational purposes.
Granules India Short Term BreakoutPullback (last kiss) after breakout with good volumes. Can show good up swings in couple of months.
Granules short term sell signalGraules is generating sell signal. Importent levels are 346, 341, 326 marked in graph.
buy granules !!the stock broke out from its triangle formation.
there after tested resistance and fell back.
can now be accumulated from loweer levels for decent gains
positional--- Granules Long...Above 369(or above todays high)
BO of Trendline
Very good volumes
Support at 325-310
weak below 300
GRANUELSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Breakout in Granules IndiaA clean breakout has occured in Granules along with nice volumes. I will wait for the retracement and look for buying opportunities.
Granules India Redline is my stop loss and the blackline is my target.
I will enter it tomorrow If it breaks today's high and keeps it sustain, Then
.
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Do your analysis before taking any action and take responsibility for your action.
GRANULES INDIA - BREAKING OUT OF DOWNTREND?Targets: 373, 404, 438
Use appropriate quantity and risk-reward ratio.
Always use a stop loss.
Always risk a maximum of 1-2% of your capital.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
