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Rachit_Sethia
May 2, 2021 7:08 PM

#GREAVESCOT #ENGINEERING #ENGINERSIN #MACHINERY #EQUIPMENT 11%+  Long

NSE:GREAVESCOT1W
GREAVES COTTON LTDNSE

Description

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Greaves Cotton Ltd
#GREAVESCOT
NSE:GREAVESCOT
CMP: 145.35
Target: 170++
May hold above 170
Stop Loss: 127
Time Frame: Approximately 3 months.

Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 200 in longer time.


Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .


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With 💚 from Rachit Sethia
Trend AnalysisTechnical IndicatorsChart PatternsGREAVESCOTCARBORUNIVHEGELGIEQUIPBEMLESABINDIANIFTYBANKNIFTYsensex
Comments
empathicHope27893
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Superb trade it was . But it is going down after the results. Any Major Stoploss or Support for the selling gets absorbed.
Rachit_Sethia
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@empathicHope27893, 130 might be the reversal
Target is 170 approximate.
Rachit_Sethia
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@empathicHope27893, Reversal
ashishsurvase111
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good analysis ...keep it up...
Rachit_Sethia
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@ashishsurvase111, Hold on with the stock, it will give tremendous return.
Arsh2651
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Etna detail me explain koi nai karta ha bhai sb. thank u so much
Rachit_Sethia
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@Arsh2651 , Thanks for stopping by. I enjoy sharing amazing stocks here, for free. U can checkk all my previous recommendations, most of them performed too good from the date of posting.
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