GRANULES INDIA Daily NSE Stock Chart Technical Analysis:
Granules India continued its upward journey for the 5th trading session today, which is a good sign in this otherwise falling market.
Close & CMP: 93.60
Market Outlook:
- Granules India has crossed over its resistance today, which was at 93. This is a very positive signal and if it remains above 93 for the next day or two, it might give a buy signal.
Technical Indicators:
- After falling below the support, the price came back above its support today. This is a positive indicator.
- The volume for today is also good compared to the past few trading sessions.
- The price made a spinning top candlestick today. This is the only point of concern in an otherwise positive looking chart. The spinning top on such a day means the bears are not inactive on Granules India yet, and there could be an attempt to pull the stock price down again.
- The next couple of days should give us a final idea of where GI is headed, and if we should take a long position on it.
GRANULES INDIA Daily NSE Stock Chart Technical Analysis
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