Case Study: Granules
Granules stock looks like an attractive buy at the current market price of 120-123.
Source: Chartalert.com
Granules stock looks like an attractive buy at the current market price of 120-123 for two reasons:
- The stock made a big Candle move. Hence the pullback is very attractive buying opportunity
- The stock cleared an important well defined resistance of 120 and hence pullback to 120 an important buying opportunity
It’s a short term momentum trading pick and one should look to book profit near 155-160 i.e. upside of 25%+. On the stop loss, the stock should not slip below 110-115 under any circumstances. If it does that, then quietly exit on bad luck
Please do your own due diligence before trading. The article has been written purely for educational purposes.