GRANULES - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.0

📊 Chart Patterns: GRANULES is trading above both its 50 DMA (555 ₹) and 200 DMA (528 ₹), reflecting a bullish structure. The price is approaching its 52-week high (621 ₹), suggesting strong upward momentum with resistance nearby.

📈 Moving Averages:

- 50 DMA: 555 ₹ (support)

- 200 DMA: 528 ₹ (major support)

The stock is comfortably above both averages, confirming an uptrend.

📉 RSI: 61.2 → Moderately strong, not yet overbought, indicating room for further upside.

📈 MACD: 6.03 → Positive crossover, confirming bullish momentum.

📊 Bollinger Bands: Price near upper band, showing strong buying interest but risk of short-term pullback.

📊 Volume Trends: Current volume (6.7 lakh) is below 1-week average (9.3 lakh), suggesting momentum is positive but participation has slightly cooled.

🎯 Momentum Signals:

- Short-term bias: Bullish with moderate strength

- Entry Zone: 565–575 ₹ (near support levels)

- Exit Zone: 615–620 ₹ (near 52-week high resistance)

- Breakout potential above 621 ₹ could target 640–660 ₹.

📌 Trend Status: Trending upward with bullish signals. Consolidation possible near resistance, but breakout potential remains strong.

Positive

• Strong quarterly PAT growth (121 Cr vs 78.6 Cr), showing earnings momentum.
• FII holdings increased (+0.85%), reflecting foreign investor confidence.
• EPS of 15.4 ₹ supports valuation strength.
• Stock trading well above 50 DMA and 200 DMA confirms bullish structure.

Limitation

• ROCE (10.9%) and ROE (9.14%) are modest compared to peers.
• DII holdings decreased (-5.61%), showing reduced domestic institutional support.
• PEG ratio (-4.55) highlights valuation concerns relative to growth.

Company Negative News

• No major negative news reported, but domestic institutional selling is a concern.

Company Positive News

• Quarterly profit growth (+191%) highlights strong operational performance.
• FII inflows (+0.85%) show renewed foreign investor interest.

Industry

• Industry PE: 30.6, lower than GRANULES’ PE of 39.1, suggesting premium valuation.
• Pharmaceutical sector remains resilient with long-term demand drivers.

Conclusion

⚖️ GRANULES is trending upward with bullish signals supported by MACD and DMA levels. Entry near 565–575 ₹ offers accumulation opportunity, while resistance lies at 615–620 ₹. A breakout above 621 ₹ could extend momentum towards 640–660 ₹. Investors may accumulate on dips, while traders can ride the trend with stop-loss near 555 ₹.