Technical Stock Calls by Bharat K Gala - Head of Technical - Ventura
Granules India Ltd – Technical Stock Call
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Sector: Healthcare – Pharmaceuticals (INE101D01020)
About: Granules India Ltd. is a leading vertically integrated pharmaceutical company engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), Finished Dosages (FDs), and Peptide CDMO services. Headquartered in Hyderabad, the company exports to 80+ countries and serves over 300 global customers.
View – Long Term Bullish
Primary move in stock commenced from 432 (AUG 2025). Trading above averages, Uptrend continued, and the stock reached a high of 910 (JUL 2026).
The stock continuously took support of the averages in the uptrend. 200 SMA also trended in rising mode. Slight Profit booking followed and the stock corrected to 816. The widening gap between averages suggests strong momentum in Up Trend.
Recently after forming higher bottoms the stock has given a PENNANT PATTERN Breakout supported by volumes reaching a high of 914.85 which is above all previous swing High.
WILLIAM % R, Stochastic momentum Index & Demand Index indicators suggest Positive uptrend.
Probability of Further Up Move is very high.
Target of 1400 is expected with lower support levels (872-846)-825-(804-792) in case of intermediate fall.
A stop loss at 750 is to be followed for the trade.
