GRANULES Technical analysis: Granules India Ltd (Daily Chart) only for educational purpose We are still in double triangle formation in Black trade line you can see in my chart, I’ve marked red and green color as a support & resistance area. Resistance Levels: First resistance between 340 to 343 Second resistance between 359 to 365 Third resistance between 372 to 375 Support Levels: First Support between 335 to 333 Second support between 326 to 324 Third support between 315 to 312
My Target: (Not advising anyone to invest after watching my chart this is only for education purpose) 1st Target – 350.00 2nd Target – 360.00 3rd Target – 370.00
RSI: 64.81 in Daily Chart (Positive Sign) EMA: We are expecting Golden cross over as per latest news Granules
National Pharmaceutical Pricing Authority (NPPA) allowed a 50 per cent price hike on Ibuprofen drug mentioning it a one-time hike as an exceptional measure. The authority has also allowed a 50 per cent price rise on Carbamazepine and Ranitidine drugs.
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