📊 Granules India Ltd. – Bullish Reversal Near Support
The stock is showing signs of recovery after a healthy pullback, with buyers stepping in near key support levels. A strong bounce suggests bullish momentum may continue.
🔎 Technical Observations:
• Pullback finding support near demand zone
• Strong bullish reversal candle formed
• Price reclaiming short-term moving averages
• Momentum indicators improving
• Trend remains constructive above support
🔑 Key Levels:
• Support: ₹755 – ₹740
• Strong Support: ₹720
• Resistance: ₹790 – ₹805
🚀 Upside Targets:
• ₹805
• ₹820
• ₹832+
📉 Risk Scenario:
A close below ₹740 may weaken the current setup and lead to further consolidation.
📈 Trading View:
👉 Sustained move above ₹790 can trigger fresh bullish momentum toward higher targets.
👉 Bias remains positive while key support holds.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊