GRANULES INDIA is forming flag and pole pattern and now gave the breakout from the flag with good volume on 1D TF.
Pole formed from March 2020 to Nov 2020, and since then it is consolidating in the flag portion till SEP 2020.
Recently after consolidating at top of flag resistance for 80+ days (50+ bars) it has given breakout on 30th SEP 2022 with good volume.
If market doesn't falls aggresively in next fews days, this can be a good swing trade.
Target- 395, 437, 540
SL- 295
Pole formed from March 2020 to Nov 2020, and since then it is consolidating in the flag portion till SEP 2020.
Recently after consolidating at top of flag resistance for 80+ days (50+ bars) it has given breakout on 30th SEP 2022 with good volume.
If market doesn't falls aggresively in next fews days, this can be a good swing trade.
Target- 395, 437, 540
SL- 295