Stock to buy today: Granules India (₹568.70) - BUY

Granules India Share Price Outlook: Bullish for the Coming Weeks

Granules India's short-term outlook appears to be bullish, with the share price rising above the 21-Day Moving Average (DMA) on Monday. This significant rise confirms the end of the correction that began in mid-October and suggests a potential increase in the coming weeks.

Key Support and Resistance Levels

• Strong Support:** ₹550 - This level can limit the downside and provide a solid foundation for the stock's price movement.
• Potential Upside Target:** ₹600-605 - This range represents a possible increase in the share price over the coming weeks.

Trading Recommendations

• Buy Granules India Shares Now:** ₹569 - Take advantage of the current price to initiate a long position.
• Accumulate on Dips:** ₹555 - Add to your position when the stock reaches this level, potentially reducing the average cost per share.
• Initial Stop-Loss:** ₹543 - Set a stop-loss order at this level to minimize potential losses if the stock price declines.
• Trail Stop-Loss:** ₹583 - Move the stop-loss to this level once the stock price rises to ₹583, allowing you to lock in profits as the price continues to increase.
• Revised Stop-Loss:** ₹588 and ₹595 - Adjust the stop-loss to these levels when the share price reaches ₹588 and ₹595, respectively.
• Exit Long Positions:** ₹600 - Close your long position at this level to realize profits.

Disclaimer:** The recommendations provided are based on technical analysis and involve risk. Traders should be aware of the potential for losses when trading.

Published on December 2, 2025