Granules India holds its higher-high structure!

Granules India holds its higher-high structure Granules India Limited (NSE: GRANULES) was trading around ₹870.40 in the latest technical setup. The stock continues to form higher highs and higher lows across broader timeframes and recently rebounded from its 50-day EMA. The stock is also moving within a rising EMA structure. Daily RSI was at 52.65, holding around the midpoint and leaving room for further momentum expansion if price action remains constructive. My view is that the ₹870 area is important for maintaining the current technical structure. A sustained move higher would strengthen the continuation setup, while a break below the recent support would require reassessment. Why it matters The 50-day EMA has acted as an important support reference during the recent pullback. The rebound from this level keeps the broader higher-high and higher-low structure intact.