Analysis: GRAN.N
[You must be registered and logged in to see this image.]This is a 3 year view of Gran. And I did a elliotwave (EW) count also, for more confirmation. since there's a failed pattern too as I showed. ( Their EPS is low) So, the current trend is still negative.
However, There're positive signs, of trend reversal:
The MACD shows continuously positive divergence.
New implulse moves of EW.
and Harmonic pattern (HPP).
Targets: 50, (target1), 58-60 (target 2)
Closer look of Gran
[You must be registered and logged in to see this image.]In closer looks, those harmonic patterns working.
Blue harmonic pattern is totally completed, if it hit at 50, where target1, was 4 , and target 2 is 50.
Yellow harmonic pattern will complete its 1st target at 50. and 2nd target at 60.
Yellow HPP goes with the major EW count. and seems it runs it 3rd leg, mostly could end at 50, if so 5 leg at 60.
Blue Hpp goes with the sub EW count. Seems it had end it 3rd leg @ 44, then 5 leg mostly could end at 50.
(http://forum.srilankaequity.com/t36765-nc-shark-robotocfix-pls-share-your-valuable-idea)