GRANULES INDIA LTD

Granules falling Wedge breakout

Granules has corrected quite a lot and recently currently consolidating at Resistance area. It has already retested the horizontal Trend Line. The pattern looks like a falling Wedge breakout on daily chart and is ready to touch 460 soon. It has to sustain the area near 380. If not sustained, it will retest the upper TL of falling wedge and come to 340 and then give a move later.

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