Granules India Limited
Pembelian
Diupdate

Buy Granules at 483/476 levels, target 545

267

Granules had completed corrective wave structure of the previous impulse in the form of a zigzag as given in the chart and has since been forming new impulse wave.

Stock has completed wave 1 of lower degree and has been correcting providing a buying opportunity. Stock may take support at 0.618 to 0.786 levels.

Buy in the range of 483 / 476 levels for a target price of 545 or higher. Maintain stop loss of 472

Will revise the targets as the impulse wave continues.

Happy Trading!!
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If stock does not hold 0.786, exit trade
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