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GRANULES INDIA LTD

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GRANULES trade ideas

Granules in Parallel channelSupport and Resistance: Traders could open a long position when a stock's price reaches the channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa . Breakouts: Traders could buy a stock when its price breaks above the upper channel line of an channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NSE:GRANULES
by rrajesh145
Granules India Ltd Daily Chart only for educational purposeNSE:GRANULES Technical analysis: Granules India Ltd ( Daily Chart ) only for educational purpose I’ve marked red and green color as a support & resistance area. Resistance Levels: First resistance between 368 to 370 Second resistance between 375 to 380 Third resistance between 395 to 400 My Target: (Not advising anyone to invest after watching my chart this is only for education purpose) 1st Target – 370.00 2nd Target – 380.00 3rd Target – 390.00 4th Final Target - 400 EMA: Now we are in Golden cross over /+/ W pattern formation Friend please analyses before taking any action do not depend on my analyses it’s just for education purpose only and follow the proper risk management. If you like my Ideas please hit the 👍 LIKE button and share some of your ideas in comment section.
NSE:GRANULESLong
by Zaid-R-Trader
GRANULES : Eve & Adam Double Bottom1. Since No'20, Price BREAK-OUT can be seen, many times, after CONSOLIDATION that indicates the price will start trending higher . 2. Mid-Term MA (tells that stock is in up-trend) and Resistance level of Eve & Adam DB , are almost at same levels, which indicates strength in stock. 3. About Double Bottom pattern ..... The first bottom of the pattern is just a continuation of the previous downtrend and is a new lower low. The middle peak of the double bottom is an expected retracement after the lower low. However, trouble arises when prices move down from the middle peak and attempt to make yet another lower low for the downtrend. Traders have been able to push prices progressively lower thus far, but when prices fail to fall past the previous low, traders become worried. Once the high of the middle peak is penetrated, the downtrend is considered dead by traders. Prices were unable to make lower lows (making lower lows is one of the definitions of a downtrend) and now since the high of the middle peak (technically a high) has been broken above, now a new high has been created (making a higher high is one of the definitions of an uptrend). Now that the downtrend has been broken and a new uptrend has been created, it is expected that traders will pile onto the new uptrend and prices will move higher. EA double bottom pattern is the third best performing of the four double bottom patterns with an average rise of 37% after the price breakout confirmation before any retracement of 20% or more occurs. Identification of Eve & Adam DB: 1. Price trend: Downward leading to the pattern. 2. Shape: Two distinct valleys that look different. Eve bottoms appear first and are wider and more rounded looking. Adam bottoms appear after Eve and are narrow, V-shaped, sometimes with one long price spike. Spikes that appear tend to be more numerous and shorter on Eve bottoms. 3. Peak: The rise between bottoms should measure at least 10%, but allow variations. 4. Bottom price: The price variation between bottoms is small, usually between 0% and 4%. The two valleys should appear to bottom near the same price. 5. Confirmation: The double bottom confirms as a true double bottom once price closes above the peak between the two valleys. Last but not least - MACD : The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. The crossover of the two lines give trading signals similar to a two moving average system. "SHOWS POSITIVE DIVERGENCE"
NSE:GRANULESLong
by VibhutiSharma
9
Granules India Ltd_ SECTOR - PharmaThe company is fundamentally very strong with sales and profit growth, since past one year stock has given a phenomenon return of more than 300%. But from past 6 month, stock was consolidating & range bound between 300 to 370 and Currently bouncing from 50% in fib retranchement with positive RSI. If you seen a longer time frame, stock never voilated 20 EMA and taking support at key level. The company valuation is reasonable and stock available at 16 P/E multilple, it will be a great long investment bet. Trading Idea: Entry at current level with Stop Loss of 10% As stock has already given 20% return from support level, further expected return will be 25-30%.
NSE:GRANULESLong
by Indieconomic
1