1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

granules india

Discussion in 'Technical Analysis' started by mahipalreddy28, Jul 10, 2012.

  1. mahipalreddy28

    mahipalreddy28 New Member

    Joined:
    May 3, 2012
    Messages:
    12
    Likes Received:
    0
    dear shabbir

    granulesindia is in uptrend since beginning of this year.one can enter at currentprice. what is your opinion.
     
    mahipalreddy28, Jul 10, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Chart looks really good and so you can enter if you see a breakout or a support being formed. 115 looks a support formation but it is not yet confirmed.

    Apart from that you may also need to see why the stock is moving up and is it back of good earnings or something else. I see that sales is increasing at very good pace.
     
    shabbir, Jul 10, 2012
    Share #2