Granules India Limited: A Promising Stock with Strong Earnings GRANULES INDIA SHARE BUY NOW ON 288 SELL AFTER ATLEAST PROFIT OF 28 % ITS A INVESTMENT RECOS
FOR INTRA RECOS wsip me 8459 22 0202
Granules India Limited is a pharmaceutical company that offers a wide range of products and services. The company has a robust business model, with a strong focus on research and development, which allows it to stay ahead of the competition. Additionally, the company's products are in high demand, as the pharmaceutical industry is growing rapidly. The company has also been consistently reporting strong earnings, which is a positive indicator of its financial health. Overall, Granules India Limited is a promising stock with strong earnings potential and a positive outlook in the pharmaceutical industry, making it a smart investment opportunity.
GRANULES trade ideas
Header and shoulder pattern 1) head and shoulder pattern in chart
2) three years time taken buy chart to complete pattern
3) we analyse weekly charts
4) for safer side 395 closing must to get stock momentum to reach Target
5) Target 470 first and second 530 level
6) to reach this Target must close 395 level
7) closely watch volume in chart how building helps to build header and shoulder pattern
8) no recommendation for the buy and sell
Granules (Swing):Granules (Swing):
Granules is getting set for a 50-75 % up move.
The chart is testing the strong supply zone with pronounced buy volumes.
Keep adding in chunks at the current level or on any dips if possible.
Appropriate support and resistance levels are highlighted with target.
Time to attain the target can be over 6-9 months.
Note: Do your own due diligence before taking any action. (Swing):
FLAG AND POLE PATTERN ON GRANULESFLAG AND POLE Pattern is seen on granules. Brake out level is 354. target projecting 100 point upto 453. Position can be initiated after 371.As there is resistance band between 361 to 371. This is my personal view on subject script. This is only for eductional purpose.
Ascending Triangle pattern breakout in GRANULESGRANULES INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 312+.
✅Can Go short in this stock by placing a stop loss below 296-.
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.