Technical analysis: Granules India Ltd (Weekly Chart) only for educational purpose
I’ve marked red and green color as a support & resistance area. Resistance Levels: First resistance between 365 to 370 Second resistance between 375 to 380 Third resistance between 390 to 395 My Target: (Not advising anyone to invest after watching my chart this is only for education purpose) 1st Target – 375.00 2nd Target – 390.00 3rd Target – 400.00
Inverted head and shoulders formation in Weekly time frame if its break upwards then we can see above targets.
MACD also showing last week green candle and good uptrend sign
RSI 59.85 moving upward positive sign.
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ملاحظة
Bulk Buy Deals: BNP Paribas Arbitrage acquired 28,56,834 equity shares in pharmaceutical company Granules India (or 1.15 percent of the total paid-up equity) at Rs 362.27 per share on the NSE.
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