Stock of the day : Granules India Ltd For Target Rs.480 - Religare Broking
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Granules India Ltd
* GRANULES has been in a steady uptrend from past more than 6 months forming series of higher highs and lows.
* The stock reversed strongly finding support around its short term moving average on the weekly chart.
* Following price action and positive positioning of the momentum indicator, it suggests the price is set to surpass its previous swing high.
* We thus recommend creating fresh longs in the mentioned range.
Buy Granules India Ltd CMP 452.50 Range 450-454 SL 439; Target 480
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SEBI Registration number is INZ000174330
