amankavi
Long

Granules - Ascending triangle in play

NSE:GRANULES   GRANULES INDIA
Scrip has been in ascending triangle pattern validated with 2 reactions lows and highs over time duration of around 2 months
If bullish momentum is maintained and the pattern doesnt get falsified as earlier seen for falling wedge , Breakout with higher volume surge can be seen to reach the target price and one can aim first for short term towards 52-week high (157) :)

Also, If quick downtrend towards oversold is seen, Scrip might take corrections like seen earlier so one can wait further for pullback/breakout/confirmation

Resistance (neckline) can be taken as support thereon after breakout

Rest in charts..

However, Few cons which can restrain the investors from coming in ..
https://www.screener.in/company/GRANULES...
Cons:
- Company might be capitalizing the interest cost
- Negative cash flow
- Debt increased over period
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