varadtambolkar

Greaves cotton Ready for multi year breakout

Long
NSE:GREAVESCOT   GREAVES COTTON LTD
Simple consolidation of 7 years
Increased volume activity, after failed range break in March 2020
As stock is back in the range after failed breakdown & increased volume thereafter shows we might see a range break soon.

SL will be wide at 125-130 as monthly charts

Tip: Many times you will see stocks give breakout/breakdown then consolidate a bit forming tight range. them price will move with volumes in opposite side of the breakout/Breakdown
Comment: New life High today.
30% move already before multi year breakout.✌🏾

It's just the beginning 😃