PRICE ANALYSIS
Price is currently trading at current year high
price has formed clean trend
price is currently squeezed
the overall structure looks like a round bottom. breakout could give a potentially good results in long term
price has taken support at PEMA and pema is stacked and sloped with a 45 degree angle.
the breakout candle has a large range which is ideal for breakout.
VOLUME ANALYSIS
the volume is significantly smaller than the previous breakout.(4 month consolidation breakout)
the volume of the breakout candle is very high which is good sign of breakout
the volume of the rejection candle is significant when compared to breakout candle
PIVOT ANALYSIS
there are multiple pivot resistances from 366 to 371.
the pivot analysis for upcoming month is highly bullish as of now. yet to be confirmed on the last print of 31st October.
CONCLUSION
overall Granules is coiled for breakout. However, the multiple resistances at 371 range could pose a barrier for breakout and could show some rejection. Nevertheless, any pullback or breakout of pivot levels would be a great buying opportunity.
Price is currently trading at current year high
price has formed clean trend
price is currently squeezed
the overall structure looks like a round bottom. breakout could give a potentially good results in long term
price has taken support at PEMA and pema is stacked and sloped with a 45 degree angle.
the breakout candle has a large range which is ideal for breakout.
VOLUME ANALYSIS
the volume is significantly smaller than the previous breakout.(4 month consolidation breakout)
the volume of the breakout candle is very high which is good sign of breakout
the volume of the rejection candle is significant when compared to breakout candle
PIVOT ANALYSIS
there are multiple pivot resistances from 366 to 371.
the pivot analysis for upcoming month is highly bullish as of now. yet to be confirmed on the last print of 31st October.
CONCLUSION
overall Granules is coiled for breakout. However, the multiple resistances at 371 range could pose a barrier for breakout and could show some rejection. Nevertheless, any pullback or breakout of pivot levels would be a great buying opportunity.