GRANULES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Granules India Ltd (GRANULES)

📈 Trend Analysis

Current Price (₹543) is well above both 50-DMA (₹497) and 200-DMA (₹504) — confirming a strong bullish trend.

52-week Index at 60.7% shows the stock is trading in the upper-middle range of its yearly band (₹412–₹628), suggesting momentum continuation.

Trend Status: Trending upward, with signs of short-term overextension.

🔍 Momentum Indicators

RSI (72.5): In the overbought zone, indicating strong momentum but caution for a potential pullback.

MACD (18.4): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 13.89L, above 1-week average (11.83L) — indicates active accumulation, supporting the uptrend.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹504 (200-DMA)

₹497 (50-DMA)

₹480 (recent swing low)

Resistance Levels

₹560–₹580 (minor resistance zone)

₹628 (52-week high)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 510–525 Near support zone and moving averages

Exit (Short-Term) 580–620 Resistance zone, potential reversal

Stop Loss 480 Below swing low and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, but nearing exhaustion

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹510–₹525 with target ₹580–₹620. Watch for RSI cooling below 65 and MACD flattening for signs of consolidation.

Would you like to compare this setup with other mid-cap pharma stocks or explore breakout candidates in the healthcare sector?

Edit in a page