Kunal_TA

Granules India breakout double bottom

Long
Kunal_TA Updated   
NSE:GRANULES   GRANULES INDIA
Complex 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
Comment:
Hey everyone, I forgot to mention that I also applied 2 anchored VWAP on chart. One from the low of Yellow Darvas box ie: 72 levels and one from all time high it made from 437. The anchored VWAP from the lows acted nicely as the support and the anchored VWAP from all time high acted as resistance which is broken today with high volume. This thus adds further confirmation to our anaylsis :)
Enjoy the gains and happy trading. Cheers!

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