GRANULES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.9

📈 GRANULES is trending upward with bullish momentum signals. Entry near 540–550 ₹ and exit near 610–625 ₹ may suit short-term swing trades.

📈 Technical Analysis

• 📈 Chart Pattern: The stock is forming higher lows and recently broke above its 50-DMA, indicating bullish continuation.
• 📈 Moving Averages: Price is above both 50-DMA (539 ₹) and 200-DMA (516 ₹), confirming bullish momentum.
• 📈 RSI (57.3): In bullish territory, suggesting strength without being overbought

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• 📈 MACD (10.2): Positive crossover, reinforcing upward momentum

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• 📈 Bollinger Bands: Price near upper band, indicating breakout potential with elevated volatility

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• 📉 Volume Trend: Current volume (4.04L) is below 1-week average (7.28L), showing mild divergence in participation

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📍 Entry & Exit Zones

• ✅ Entry Zone: 540 ₹ – 550 ₹ (near 50-DMA and breakout retest zone)
• 🚪 Exit Zone: 610 ₹ – 625 ₹ (resistance from recent highs)

📊 Trend Status

• 📈 Current Trend: Trending upward
• ⚠️ Bias: Bullish with caution due to low volume and negative PEG

✅ Positive

• Price above key moving averages supports bullish structure.
• FII holding increased by 0.85%, indicating foreign investor confidence.
• MACD and RSI confirm upward momentum.

⚠️ Limitation

• Volume below average — momentum may not be fully supported.
• Negative PEG ratio (-5.73) suggests valuation concerns relative to growth.
• ROCE (10.9%) and ROE (9.14%) are modest for the sector.

📉 Company Negative News

• DII holding dropped by 5.61%, indicating reduced domestic institutional interest.
• Quarterly profit variation declined by 16.2%, suggesting earnings pressure.

📈 Company Positive News

• Quarterly PAT improved from 72.7 Cr. to 78.6 Cr., showing operational resilience.

🏭 Industry

• Pharmaceuticals sector remains resilient with long-term growth potential driven by global demand.
• GRANULES trades above industry PE (49.3 vs 33.1), reflecting premium valuation and investor optimism.

🧾 Conclusion

• GRANULES is trending upward with bullish technical indicators but valuation and volume concerns.
• Short-term traders may consider entries near 550 ₹ and exits near 625 ₹.
• Long-term investors should monitor earnings consistency and volume strength before adding exposure.

Sources

Trendlyne

Trendlyne Technicals,

Investing.com India

Investing.com India,

MoneyControl

Moneycontrol Monthly Analysis