Short analysis for GRANULESThe chart pattern its showing bearish momentum in price action. after a downside breakout, it can give a good risk: reward ratio.
Entry price:- below @320
Stop loss:- @323
Target:- 1:1 or 1:2
GRANULES trade ideas
GRANULES - 50 DMA MAGIC ?#GRANULES yesterday closed near 50 55 DMA which has acted as strong support since the uptrend started from 240 zones...
342 to 348 are good zones to buy this stock
---For Positional trade Stop-loss around 320
---For Swing trades Stop-loss around 333
This stock made highs around December 2020 at 430 odd zones....After good Q2 results, buyback around 400 Rs and looking at future API trend...can be good bet at current market price.
GRANULES INDIALooking Bullish !!
Above 200 , 100 , 50 , 20 ,10 EMA
RSI 67 ( 14 days )
looking to break 52 weeks high , breakout above will give good up-move to wards 365 , 400
GRANULES LTD1. Very likely to reverse trend
2. Same selling action isin't happening at a key supply area.
3. Volume in good support
Note to self : Fundamental study to be done.
[POSITIONAL] GRANULES LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Granules will face a resistance at 360Granules next resistance will be at 260.
If 360 is broked and closed above it on weekly basis, we can expect 40-60% rise from 360.
GRANULES breakout - Inverse H&S / Parallel channel- Increased volume
- Inverse H&S / Parallel channel breakout
Entry levels 325-330
*Not recommendation
GRANULES GRANULES - Trendline breakout accompanied by golden crossover
One can go long with a SL of 318.
Granules India Inverted H&S breakoutGranules India has recently given a Breakout after a long consolidation,Pharma sector looks bullish for this month.
GRANULES INDIA Rectangle Pattern Breakout*GRANULES INDIA*
Time Frame: Daily
Observation:
* Rectangle Pattern Breakout
* Swing High Break
Resistance/Target: 362 396 428
Support: 295 273
Granules for Longs#Granules for Longs
Buy 350
Target 405/500
Stop-loss 299
#nifty #banknifty
Note: I'm not a SEBI registered research analyst or not a Financial Advisor, this is for educational purposes only, Before trading please consult your financial adviser.
GRANULES BREAKOUT. WAIT FOR RESTEST GRANULES is ready for breakout from a triangle pattern . wait for retest before proceed further. Do your analysis and confirm
Granules India breakout double bottomComplex inverse head and shoulder pattern +
Double bottom pattern +
Darvas Box consolidation +
Cup and handle pattern
When so many patterns are formed in one chart the probability of BIG move is very high.
One can trade for All time high target and stop loss below 295 on daily closing basis
Granules - Weekly Flag and Pole PatternGranules India - Weekly TF
Pattern - Flag n pole
Buy when one weekly closing above 328- 330
Tgt 1- 355
Tgt 2- 385
Tgt 3- 425 ++
Stoploss - 325
Turn around story This also looks like a turn around story. double bottom on weekly and crossing the long running downward TL. breaking out of this will lead to previous high level so they also coincide with Fibonacci
Granules for the down-run in Sept monthPharma Sector looks in a pressure for a down move and we can see Granules following downtrend despite overall market towards upside. It would be good to go with hedge position of Shorting 300CE and Buying 330Ce for hedging.
Granules Pain is not over yet!!!Looks like pain is going to stay
Inverted hammer at trendline resistance
Can come to 290 quite soon
GRANULES LONG ON WEEKLY BASISGRANULES formed flag & pole pattern on weekly chart. After price cross the 330 level on weekly basis, there is a possibility to continue its previous trend. Entry should be 330>, sl-298 and target 1:3 (minimum).
GranulesGranules broke out of weekly falling channel with very good volumes & also broke above previous swing high of 324.
Could be bought with stoploss of 300 & target of 375/400
GRANULES INDIA - Short Term TradingLong above 318, T1 - 328.25, T2 - 338.40, T3 - 350.80...... SL 296.95-290
Short Below 290 - T1 - 282.75,T2 - 274.65, T3 - 268.90...... SL 318
LongGranules india wave (5)
5wave I expect (3)=(5)
minimum length 530.70
Finally target 469& treling stop loss
