GRANULES - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for GRANULES
Technical Rating: 3.4
📉 Trend Overview
Current Price: ₹490 is slightly below the 50 DMA (₹492) and well below the 200 DMA (₹510), indicating mild bearish pressure.
RSI (51.5): Mid-range, suggesting neutral momentum—neither overbought nor oversold.
MACD (-5.44): Negative, but not sharply diverging, indicating weak bearish momentum.
Bollinger Bands: Price near the middle band (₹497.65), with upper at ₹524.57 and lower at ₹470.73
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—suggests range-bound movement.
Volume: Current volume (18.7L) is above average (9.2L), indicating strong participation, possibly due to recent price action.
📈 Chart Patterns & Indicators
Moving Averages
Price hovering near 50 DMA → indecisive trend
Below 200 DMA → long-term bearish bias
Support Levels
Strong support near ₹470–₹475 (lower Bollinger band and recent delivery volume zone)
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Next support: ₹450 (psychological level)
Resistance Levels
Immediate resistance: ₹492 (50 DMA)
Major resistance: ₹510 (200 DMA)
Long-term resistance: ₹528–₹540 (previous swing highs)
🚦 Momentum Signals
Short-Term: Neutral momentum with potential for breakout if volume sustains
Medium-Term: Mild bearish bias unless price closes above 510
Volume Trend
Recent spike in volume with delivery % around 33–36%
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Indicates trading interest, but not strong accumulation
🎯 Entry & Exit Zones
Action Price Zone (₹) Rationale
Entry (Aggressive) 470–475 Near support, high volume zone
Entry (Conservative) Above 510 Confirmation of trend reversal
Exit (Short-Term) 492–500 Resistance zone, near 50 DMA
Exit (Medium-Term) 528–540 Major resistance, trendline cap
🔄 Market Phase
Status: Consolidating with mild bearish undertone
Bias: Neutral-to-bearish unless price breaks above 510 with volume
Would you like me to overlay this with peer comparison or fundamental valuation insights?
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www.topstockresearch.com
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trendlyne.com
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