There is a probability of shark pattern on Granule's daily chart, if unfolds, we could see quite a good move in the stock.
The said pattern is supported by the weekly chart positive price action.
And said probability is formed on a very good support that the stock has around 290- 300 levels.
The said probability would be negated below 300 levels.
Its a buy-on...
Buy above 970 given breakout with volume , have mentioned the fibo levels in the chart . The trend line will act as support support and can be bough in dips.
Have added at these levels , we should see the long pending move now
Well, atleast the charts say so.The stock on the weekly horizon is making an Inverted Head and Shoulders, the target for which comes to be about 680 odd levels. On the daily horizon, the stock is well above the key EMAs. Besides, the price shows no divergence with respect to the RSI and Stochastics.
This post is solely for education purpose.