GRANULES trade ideas
Granules#granules can say a box BO in process.. Volumes returning after the dryup.. would keep an eye above 407..
GRANULES Analysis 13 Nov 2020 Consolidating
Retracement is around 50%
Tight Range
Volume Contraction
RSI taking Support @ 45
Volatility Contraction
bullishDitto as Dixon as regards to performance since March low is concerned. 350 could be a good entry point for ling term.
Granules : Positional buyGranules could be a good buy above blue line : 393.25
Stop loss around 366 could give us a good RRR. (Or anywhere between 8 to 11%)
GRANULESIm not an expert im just sharing my views on GRANULES for tomorrow
Im not responsible for any profit or loss this is not a recommendation
GRANULES is Making Symmetrical Triangle Pattern (Breakout Trade)Granules India Limited : Pharmaceutical Company ( NSE:GRANULES ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
GRANULES is Making Ascending Triangle Pattern (Breakout Trade)Granules India Limited : Pharmaceutical Company ( NSE:GRANULES ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Keep a close watch on GRANULESNSE:GRANULES
Hi Traders,
Keep a close watch on GRANULES. It can breakout.
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Granules | Bullish Harmonic Pattern | Double top Formation | 1HrBought GRANULES , Target = 379.65 bullish harmonic pattern observed as well as double top formation at all time high
expected profit = 11.70 % Stoploss = 4.39 %
Bullish engulfing candle also appeared with decent volume
