Stop loss: Rs 144
Target: Rs 154
We have seen long positions being built in Granules futures today where we have seen open interest addition of 13% with price rise of 4.4%.
In the option segment, 150 and 155 call added 3.80 (97%) and 170,000 (161%) shares in open interest today suggesting higher possibility of sharp price from here
Stock price has given breakout on the daily chart where it managed to close today at eight month high.
Momentum Indicators and oscillators are Indicating strength in the stock
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.