Granules India Ltd \u2013 Technical View<\/p>\n
The stock has broken down from a Rising Wedge pattern, which is a bearish reversal structure after an extended up-move. Price slipped below the short-term moving average and tested the lower Bollinger Band, followed by a small rebound. Overall structure suggests trend exhaustion and corrective phase.<\/p>\n
\ud83d\udd39 Resistance: \u20b9590\u2013610
\n\ud83d\udd39 Support: \u20b9540 | Major: \u20b9520
\n\ud83d\udd39 RSI: ~43\u201346, weak momentum, no strong bullish divergence yet
\n\ud83d\udd39 Volume: Elevated selling volume on breakdown, indicating distribution<\/p>\n
\ud83d\udcc8 Bias: Short-term bounce possible, but sustained move above \u20b9610 is needed to regain bullish structure.
\n\ud83d\udcc9 Risk: Breakdown below \u20b9520 may extend the corrective decline.<\/p>\n
\ud83d\udcdc SEBI Regd RA | AALGO BREATHS (INH000019886)
\n\u26a0\ufe0f Educational purpose only. Not a buy\/sell recommendation.<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[400,128],"class_list":["post-26079","article","type-article","status-publish","hentry","article-tags-technicalanalysis","article-tags-sebi-registered-analysts"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/26079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=26079"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=26079"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=26079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}