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...
Granules - A positional trade with RR approx 1:4,
Rising relative strength, inverse head and shoulder pattern with no resistance on left side as the cmp is high of more than 2 years and above fib retracement of 61.8%.
Breakout with good volume.
Volume decreasing during formation of base.
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...
Granules looks good as long as it does hold 320 level on DAILY closing basis. On the upside, expect it to see 345 and 352-355 where we see that it would test the Trendline.
SL - losing 320 on daily closing basis
Target 1 - 345
Target 2 - 352/55
Grasim hold multiple chart pattern
1 CUP and handle on weekly
2 trend line breakout
3 near by triple top
4 break supply zone
5 follow fab point according to that price look like double in next 6 to 8 month
Granules buy above 352 trg 440/500/540 and above sl 325
FLAG 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.
As per the weekly chart, Granules is reaching its selling zoen of 365-380 , tested thrice in past three years. FII's also offloaded 2 percent in last quarter.
Granules 5 year chart is looking interesting and getting ready for a big break out up side for a new rally.. once the trendline is broken and sustained ...
Granules india is forming symetrical triangle pattern..breakout is coming with good volumes and RSI is also bullish.
Just sharing this info for educational purposes..
NSE: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
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-.
