Granules at support againGranules 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 your direction.
Type of Trade
Support trade, positional
Granulesindia
GRANULES INDIA ::: BULLISH
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.
GRANULES - Shark Pattern ProbabilityThere 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 dip stock for me, please do your own research and trade at your own risk.