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Stock Radar: This pharma stock is on verge of breakout from 6-month consolidation; what should traders do?
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Granules India, a part of the pharma space, witnessed base formation above 200-EMA on the weekly charts in June, and is on the verge of a 6-month breakout from a consolidation range.Short-term traders can look to accumulate the stock in the range of Rs 305-315 for a near term target of Rs 360 in 1-2 months, suggested experts.The stock hit a 52-week high of Rs 381 on November 4, 2022, but failed to hold on to the momentum.
It has moved in a range
. Read more on economictimes.indiatimes.comAbout this in other media
Stock market update: Nifty Pharma index advances 0.02% in an upbeat market economictimes.indiatimes.com /9 months ago
Stock Radar: Possibility of resumption in uptrend after consolidation makes this hotel stock attractive economictimes.indiatimes.com /9 months ago
Stock market update: Nifty Pharma index falls 0.18% economictimes.indiatimes.com /9 months ago
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