GRANULES trade ideas
GRANULES CASH : BEST INVESTMENT BET FOR NEXT 1 YEARGRANULES INDIA GOOD ABOVE 124.5 SL 118 TGT 130/140/150 (Positional tgt 140-150) (cmp 121.3)
GRANULES breakout GRANULES price action has given downwards trend line breakout, support zone at 125/130 resistance at 154 stop loss below 108. indicators are positive.
Long : Ascending Scallop BreakoutThe stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High yesterday thus triggered the buy signal. The patterns is very reliable so one can take advantage of it. One can expect the target of above 145. Theoretically one should provide the stop loss below 124 on closing basis however I would trade it with Stop loss of 127. One can decide it depending as per their risk taking apatite.
#GRANULESGranules cmp 126.95 (view for investors)
Is stucked between 98 and 163 range frm past 2 yrs
targets and support -> follow red lines and arrow
Interesting financial numbers->
Pledged percentage: 78.07%
Profit growth : 35.61%
Sales growth : 25.29%
Return on equity: 22.19%
Change in promoter holding 3Years: 4.81%
Yes pharma is in bad position but long term add here for 2 yrs Yes pharma is in bad positon but long term add here for 2 yrs at superb lvl 1 tranche ...any dip further can add once again long tgts huge
GRANULES: Expect "V" Shape Recovery.Nothing to Say, all plotted on Chart.
Important Levels to Watch (Intraday / Swing):
Normal: @ 109.95, @ 110.6, @ 111.6 - @ 112.3 (HZ #1), @ 114.35
Extended: @ 115.4, @ 116.1, @ 117.2 - @ 118 (HZ #2), @ 120.
Trade Setup for FnO & Cash Updated later.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Granules :: Inverted Head and Shoulders in the makingGranules is in the process of completing an inverted head and shoulders pattern. Can only be bought once the pattern is completed around the levels of 149. Once trading comfortably above 149 with high volume, the Stop could be placed at 145 and an initial target of 157 would be very likely . Will fly above 157 .
Rising Wedge on Granules IndiaRising Wedge pattern on Granules India and the price will fall after taken out the pattern....
Trade:
Short - 132
Target 1 - 120
Target 2 - 106
Stop loss - 145
Granules-ABCD completion1. Abcd completion and finding support with a pinbar also a bullish turn in stochastic.
Tgt - 145
Sl - 131
Granules analysis based on elliott waveGranules has resumed its up trend today,
Wave pattern suggest it is in 5th wave.
Currently within 5th wave , 1 and 2 is over and 3 has started today.
This upmove could target 166 levels. Lets see how it goes
Double Top with RSI Divergence RSI Divergence in double top area is showing the potential weakness. The pseudo upthrust bar yesterday with big volume is another confirmation for the potential short today with Stop Loss just the high of the previous day bar.
RSI Divergence and Falling trendline on #granulesStop loss at 151 levels with take profit at 122.5 levels from here on
GRANULES - Bearish AB=CDBearish AC=CD as well as RSI showing negative divergence. We can expect targets of 137, 135.5 & 133.5 with SL 145.5
Granules - OutperformerToday Granules has Broken Out of The Fall, Buy On Dips Strategy Can Be Used As its Outperforming Rest of Pharma Pack
