Breaksout Stock: Granules India
Granules India is trading in a Box Pattern since Mid Sept 2024.
Currently it is trading below the strong resistance level of 610.
20 EMA (Black line) is above the 50 EMA (Orange line), indicating the momentum in the stock price.
However, the box pattern has to be decisively broken in the weekly chart to confirm the bullishness.
Resistance levels: 610, 664, 696, 721
Support levels: 527, 493, 453
Currently it is trading below the strong resistance level of 610.
20 EMA (Black line) is above the 50 EMA (Orange line), indicating the momentum in the stock price.
However, the box pattern has to be decisively broken in the weekly chart to confirm the bullishness.
Resistance levels: 610, 664, 696, 721
Support levels: 527, 493, 453
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