Granules India Limited
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#Granules facing weekly trend line resistance, can it breakout?

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As per weekly chart #Granules is bullish but its near falling trend line resistance which I have highlighted with circles. Now if it can break and sustain above 350 then it can give move till 360/393/438 which are FIB resistance zones. My weekly ADX +DI is also looking good and if it cross above 25 then sudden burst of momentum can achieve above mentioned targets. Till now weekly +DI was not able to cross 25 zone since Jan'22, so keep eyes open on this counter for swing trades.
Happy earning

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