GRANULES -- 508-540-582 SL 422-435 ZONE

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Granules India Ltd. is an interesting chart with following

1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price moving on Upper Bollinger Bands in daily chart
4. ABCD Pattern under formation on weekly chart
5. Price crossed above 20 Week SMA last week
6. High Trade and Delivery quantity during the week
7. Stock outperforming sectoral and benchmark index on 1week and 3 momths

8. Both ARS and SRS above zero

Good Risk and reward with buy on dips and dips only with major support near 425- 435 zone being 20 day / 20 Week SMA respectively and for next resistance near 508-540-582 zones

Lets See How it evolves

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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trading above its target
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