Saturday, September 26, 2015

Granules India by Mamta

Granules India has been in a structural uptrend. A mild pause after the stock split and the stock has back fired again.
Look at the charts above
the counts clearly suggest that we are in the 3rd wave of a major fifth wave. The volumes are explosive the momentum is building up and the indicators are well placed. All the parameters define a 170 level for the stock on a short term basis though in the longer run the stock is expected to move much higher,