Trade ideas
Granules | Falling wedge patternNSE:GRANULES
Granules looking good for long.
Chart pattern:
- Falling wedge
Indicators:
RSI above 60
Trading above EMA 50, 20
Trade carefully and follow strict Stoploss, as Nifty is ATH and big events like election results coming up.
Note: No BUY/SELL recommendation only for education purpose
Granules Technical Outlook - 23 MayToday we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Short Trade setup in GranulesShort Trade Entered : Buy - GRANULES 30 May 2024 395.0 PE @ 11.15 Qty-2000
1. Today's breakdown candle confirms the break of structure.
2. The Downside range of 8 to 9% is now opened.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Many times I do paper trades when the probability of a positive trade is less than 50%.
Rounding Bottom in Granules - A Long Term OutlookGranules made a high of 438 in December 2020 and from then on it was a continuous fall from that high. It was forming a Rounding Bottom and another similar formation was formed within this pattern.
After making a High of 475 it has fallen and it is at a Horizontal support zone @ 399 -408 and a sloping trendline support.
Ist Target is around 510 and a 2nd Long Term Target 650.
Entry Taken @ 337
GRANULES looks good ATH Breakoutbreakout of Dec 2020 means 3 year breakout. breakout confirm and very stable against downside wave in the market.
possible be a great up move in the market soon.
Name Granules India
CMP Rs. 430.15
Mar Cap Rs.Cr. 10425.49
Qtr Profit Var % 1.06
Sales growth % 4.13
Profit growth % -22.19
3mth return % 6.09
ATH % Diff % 10.48
PEG 0.84
P/E 26.37
NP 12M Rs.Cr. 395.28
Ind PE 32.8
ROE 3Yr % 20.9
Sales Var 3Yrs % 20.19
ROCE 3Yr % 20.76
CMP / BV 3.51
Granules India: Is It the Next Opportunity?- Is Granules India our next PFC contender?
- Similar move, pattern, and good strength observed.
- It's worth considering a speculative move.
- However, we must not risk everything.
- Our course of action:
1. Granules India's current market price is around 476.
2. We will Wait for today's closing, which should be above 474 to meet our bullish trade condition.
3. If the first condition is met, we'll buy above today's high, with today's low acting as a small stop loss.
- Due to the trade's riskiness, we'll manage quantity to mitigate risk.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in GRANULES
BUY TODAY SELL TOMORROW for 5%
Granules India Strong BreakoutGranules India Strong Breakout
Strong Breakout
Bullish
Awesome Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..






















