Granules India Ltd – Technical & Fundamental View

Granules India Ltd – Technical & Fundamental View ( Educational Purpose Only) 🔹 Technical Outlook: The stock has formed a falling wedge after a previous rising wedge breakdown, and now price has bounced strongly from the ₹530 support zone (Bottom-2). Break above the short-term trendline + expanding Bollinger Bands indicate early momentum buildup. RSI showing recovery from oversold territory; volumes improving. Key Levels: 🔼 Upside: ₹565 → ₹585 → ₹600 🔽 Support: ₹535 / ₹525 A sustained close above ₹560 may open the path toward ₹585–₹600 in the short term. 🔹 Fundamental Snapshot: Granules maintains strong presence in pharma APIs & formulations with scalable manufacturing. Stable margins, improving capacity utilization, and diversified global demand support long-term growth visibility. Balance sheet remains healthy with consistent cash flow generation. 💡 Maintaining above ₹555–₹560 zone strengthens the bullish reversal structure. ⚠️ Disclaimer: Educational purpose only. Not investment advice.