GRANULES--@Channel Breakdown??this stock is trading in a channel..
now price is at resistance zone...
look for short side if price breaks and retest for the support areas.
we have support lies at 365 zone.
Granuleslong
GRANULES - Stock AnalysisSymbol: GRANULES
Close: 387.2
Today's Volume: 7834685
Sector: Pharmaceuticals
Go Long above: 390
Stop Loss: 338
Resistance & Support:
📉 R: 394 || 402 || 413
📈 S: 376 || 364 || 357
Granules - Looks BearishNSE:GRANULES
BSE:GRANULES
NSE:GRANULES1!
Granules - Based on the wave count, Granules appear bearish and expected to drop further.
For Educational Purposes only
Granules India Ltd Trend AnalysisOne of the global leaders in manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages.
Fundamentally sound with good ROCE & ROE of around 19%
Available at fair value with a forward PE of approx 7.5 whereas Sector PE is at 25.5
Debt to Equity is 0.40 due to capacity expansion.
Highest ever operating profit in FY 2022-23
Technically price is near trendline support, expecting break of trendline support towards 250 levels according to the falling wedge pattern highlighted.
Accumulate around 250 levels in the green zone for the following targets:
Short term target @ 400 (60% ROI with 6:1 R:R)
Mid term target @ 525 (110% ROI with 11:1 R:R)
Long term target @ 650 (160% ROI with 16:1 R:R)
Stop Loss below 225 (Optional)
Do your own due diligence before taking any action.
Peace!!
Granules Buy Idea 16 May 2023As per my analysis 297.75 is resistance for $NSE:GRANULES. If any 45min candle closed above level of 297.75, we can make buy entry at 298 with stop loss of 290 (only 08 points).
My expected upside target would be 304 & 318. This could be a low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
GRANULES breakout in the weekly and daily time frameIn the daily time frame we can see Symmetrical triangle breakout and in the weekly time frame bullishness is confirmed by MACD hook after crossover below zero. Go Long with targets as shown.
GRANULES Bounced off demand zone wait for breakoutGRANULES
BUY ABOVE - 319 (If sustains)
THE CHART IS SELF EXPLANATORY.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
GRANULES - Support Trade/PyramidingThe 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 till stop loss trigger.
For Investment - since the stock structure still looks bullish, it could be a good idea to add more at a valued price.
This post if purely for educational purposes, please do your own analysis before trading and investing in the stock market
Granules India Retesting Flag BONSE: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
GranulesLooks Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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
