The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near all time high.
granules India, this stock has taken 4 beautiful support on downside and now its time for reversal follow strict stoploss and enjoy the reward.
The stock has been consolidating on the monthly chart for quite some time and currently, it is trading at the support line of the range, hence it could be a good time to enter into the stock from both a trading and investment perspective For trading, one can book profit near the upper end of the monthly range or according to personalized trading strategy or trail...
NSE:GRANULES Buy above 375 SL clsing below 355 T 405 430 470 520 or buy near 340-330 SL closing below 320 T 360 380 405 430 470 520
Short GRANULES - 323 Stop Loss - 333 Take Profit - 303 Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling. If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
As per One of group Member Commented Granules hits SL... CORRECT GRANULES HITS STOPLOSS BUT TREND IS STILL INTACT...AS PER DISCIPLINES WHO HOLD THE POSITION CAN SQAURE OFF ONLY IF TOMMOROW IT WILL trade BELOW it...and Re-enter Above 325 with again sl of 315... For Changing Trend..granules neeed to sustain below 305... Thank You for Comment..
Granules are at support now, these are the levels from where stock bounced very well in the mid April. Seeing current price action, and the solid support, it looks like stocks could bounce from these levels again. Now this bounce-back would be temporary or not, i don't know as of now, the best way to trade is to start trailing once the trade starts moving in...
DATE: 09 MAY 2021 INSTRUMENT: GRANULES INDIA TREND: BUY TIME FRAME: DAY CMP: 347.40 BUY ABOVE: 357 - 358 STOP LOSS: 345 TGT 01: 374 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Short Term Stock Option Buy GRANULES MAY CE 350.00 @15-15.9 SL 9.40 TGT 27 15 min data has cross over on ichimoku chart TK cross over at 336, followed by MACD cross over and RSI also indicates upside possibilities.
There is a probability of shark pattern on Granule's daily chart, if unfolds, we could see quite a good move in the stock. The said pattern is supported by the weekly chart positive price action. And said probability is formed on a very good support that the stock has around 290- 300 levels. The said probability would be negated below 300 levels. Its a buy-on...
Granules India bhagne ke ready hai....similar like my previous Post ALKEM.... GRANULES EXPECTED TO GIVE 40-50 PERCENT RETURN IN NEXT 6 MONTHS
All levels are mentioned on the chart. Happy Learning :)
Disclaimer: for education purposes only and not recommended for trade NSE:GRANULES I'm using the above lines for my targets and short and long entry positions.
Holding 340 can take stock towards 375 and 390 levels. Trade type: swing Trade at your own risk.
Positional traders: Enter after the breakout. Intraday traders: Keep the trend line as your targets.
Superb fundamentals..undervalued stock with excellent Return on Equity. PLEASE SEE CHART FOR FURTHER DETAILS buy only if sustains above 350 TARGET 1: 400 TARGET 2: 450 STOP LOSS : 315 **These are my personal observations. Please trade at your own risk.**
BUY at 407 Stoploss 398 Target 444 ** Consult your financial advisor before taking any entry. This is solely for personal trading purpose and is not any advise. the author is not NSE certified Practitioner and has a decade of trading experience.
NSE:GRANULES breaks out of a 45 points range. Buy with a closing stop loss below 400 for a target of 450-460.