Granulus India 2021 High breakoutGranulus indian seems 2021 high breakout in day, concentrate for short term,
swing if price sustain above 450
GRANULES trade ideas
GRANULES INDIA TARGET 606 STOP LOSS 426Script is long term monthly and weekly brekaout from the strong resistance of 426 of the year 2020 and weekly closing is very good with bullish. If it sustains above the range of 426 to 455 in this monthly closing then it will reach the long term target of 606
Granules India: Breakout Confirmed, Long Opportunity EmergesAnalysis:
The chart of Granules India on TradingView suggests a promising breakout opportunity, potentially signaling a long entry chance for traders. Let's analyze the details based on the information provided on chart.
Current Price: ₹455.75, above the old year resistance level of ₹436.20 marked by the orange line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, confirms a potential trend reversal from resistance to support.
Uptrend Momentum: The sustained price increase after the breakout indicates continuing buying pressure, hinting at further upside potential.
Trading Strategies:
Aggressive:
Enter long if the price closes and sustains above the current level (₹455.75) with continued buying volume.
Implement a stop-loss order below the breakout level (₹436.20) to manage risk.
Potential target prices could be ₹480 and ₹505 based on chart patterns and Fibonacci extensions
Conservative:
Wait for a potential pullback towards the breakout level (₹436.20) or within the previous consolidation zone (₹410-₹430) (highlighted in the image).
Enter long if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for effective risk management.
Additional Considerations:
The stock market is volatile, and breakouts can sometimes fail.
Conduct your own fundamental research to assess Granules India's financial health, industry outlook, and future prospects before making investment decisions.
Manage your risk effectively using stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
Double Top break Granules has formed a double top pattern and has given a breakout.
Buy with a target of 700
Stoploss: 400
Granules is granulating the speed process #SuperChartzKey Levels:
Support: 408
Resistance 450, 520, 650
Key Drivers:
Granules India is a pharmaceutical company with a market capitalization of ₹10,876 crore. Its current stock price stands at ₹449, with a high/low range of ₹453/₹268. The stock has a P/E ratio of 27.6 and a price-to-book value of 3.65. Its EPS is ₹16.3, and it offers a dividend yield of 0.34%. The company has shown robust returns with a 16.9% return over 3 months and a 7.49% return over 3 years. Granules India maintains strong financial health with an ROE and ROCE of 19.1% and 19.4% respectively. It has a healthy current ratio of 1.35 and a debt-to-equity ratio of 0.47. The company's OPM stands at 18.3%, with sales totaling ₹4,526 crore. Granules India's enterprise value is ₹11,944 crore, with an EVEBITDA of 14.3 and a CMP/FCF of 76.8. Overall, Granules India demonstrates solid financial performance and stability in the pharmaceutical industry.
Granules India - Breakout after 3-yearsThis stock is looking strong in weekly and daily charts. The company has given a strong breakout on daily chart of 428 resistance level. This resistance level is created in Dec 2020 i.e 3-year ago. Generally we have seen if a stock gives long term consolidation breakout, big upside moves can be expected from the stock. The stock is from pharma sector and pharma sector is also performing good. So I think this stock to give big returns in medium term.
Please note weekly breakout is yet to confirmed on the stock. Possible targets on the stock can be find using Fibonacci retrenchment tool
Disclaimer: The stock discussed is for educational purpose and does not have any buy or sell recommedations.
GRANULES crossing Dec 2020 HighPrevious high of the stock 436 made in Dec 2020 which is likely to be crossed in the coming weeks, once 436 level crossed by the stock by early in the morning today or in coming days, the next leg of move will start. As per rule, the stock can move upto 200 pts in the coming weeks, Now the trade is this :-
1. Look for 440 CE if crossed 436 and hold for the day.
2. Cash holding as per your capital allocation.
3. Target 500, 550, 600 & 700.
Granules - Cup & Handle Pattern & Weekly trendline BOGranules has broken weekly trendline and has also making cup and handle pattern. We can expect the price to move to 407-436-500. Other factors:
1. RSI above 60 on weekly basis
2. MACD making positive histograms
3. Highest TTM sales
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
GRANULES - Need to watch - wait for confirmationGRANULES -- All indicators are green, trading above all moving averages.
Reaching 439.5 - which is double top on the Weekly time frame.
If buyers step in to keep up the momentum, we should see 478 before any trend reversal. This is a 1.68 level and expects some retracement as per Elliott's wave theory.
Add to watchlist - wait for confirmation
Currently, CCI is also above 100 - note the same
monthly breakout!!!!!monthly chart of granules india displays an good breakout on a monthly chart with good bullish candle in previous months
good consolidation took place from year 2020-2023,kinda inverted h&s pattern
similar thing happened in history in same from 2015-2022
my targets are double and more from current cmp im keeping sl below 320 on weekly or month close
tf-1-2 years
NOT AN INVESTMENT ADVICE
GranulesThe stock initially gave a Breakout on Daily charts and is now on the verge of giving a Breakout on Weekly Charts. The stock has closed in green with good volumes and has been moving higher & higher.
INVERSE HEAD AND SHOULDER PATTERN BREAKOUT Stock has Given Multiyear Resistance Breakout Of Dec 02.12.2020 With Inverse Head Shoulder Pattern Confirmation .
Buy :- 432/-
Stop Loss :- 420/-
T1 :- 450/-
T2 :- 480/-
Stock is trading in upward trend
GRANULES - Ichimoku Breakout📈 Stock Name - Granules India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 432.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
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Granules - Short Intraday or BTST
Quick fall expected from here ..only intraday or BTST move.
Expect 1-3 % fall from here. keep trailing once in profit. Enter once the fall starts and use momentum
Granules Trend Reversal at Consolidation Near ATHGranules is inching towards all time high of 427 and shown a breakout on long term charts by coming out of down trend line. A big Rally is possible in coming year till the levels of 585
inverted head and shoulder breakout trading opportunity entry above the line
stop below the line
inverted head and shoulder breakout
and long-term consolidation breakout
GRANULES#GRANULES has formed a Flag and Pole structure on the daily chart and experienced a significant breakout. It has the potential to reach new highs.
GRANULES Near BO [Weekly]GRANULES is showing strength with good volumes and is moving towards a long base BO, it would be interesting to see if volumes follow when it tries to BO above 381. Watching it for now.
GRANULES INDIAGRANULES INDIA - looking good if price sustained 408,
expected targets 436, 485++ and Sl 375
It is my view, to trade on your own analysis
GRANULES READY TO BREAK 2 YEARS BACK RESISTANCE2 years old SZ is now ready to breach
one can buy GRANULES with SL below 390 and TGT of 440/450
Granules India Breakout on monthly time frameAs you can see here Granules India chart, what does this chart show?
This chart shows us that it has given a breakout of a beautiful pattern i.e. flag and pole on a monthly time frame. As you can see on the weekly time frame, the stock had broken its nearest resistance and now it is ready to move more on the upside.
So now we can plan an entry for upside momentum, from the last two days this stock has been consolidating inside the breakout candle, making inside bars on a daily time frame. So our entry will be above the high of the mother candle i.e. 390 and our stop-loss will be of 30 points. The first target will be ATH(all-time high).
Hold this for a long time as the breakout is on a monthly time frame.
I'm not sebi registered so this is only for educational purpose, do your analysis first.
