GREAVES COTTON LTD - POSITIONAL
Updated
GREAVES COTTON LTD ---POSITIONAL
DAILY CHART BULLISH SIGNS.
1. Double bottom formation around 155-156 level from where trend reversal seen
2. Trendline breakout seen at strong support line 160-165
3. Last candle bullish strength seen at high of candle 178 is short term resistance
4. uptrend confirm once 180 level breakout upside at closing basis that means next candle should close above 180 then confirm BUY level
5. Bullish rounded bottom cup formation at daily chart
BUY GREAVES COTTON bove 180
TARGET 200 - 220 - 240
STOP LOSS 150
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!
HAPPY TRADING. !
DAILY CHART BULLISH SIGNS.
1. Double bottom formation around 155-156 level from where trend reversal seen
2. Trendline breakout seen at strong support line 160-165
3. Last candle bullish strength seen at high of candle 178 is short term resistance
4. uptrend confirm once 180 level breakout upside at closing basis that means next candle should close above 180 then confirm BUY level
5. Bullish rounded bottom cup formation at daily chart
BUY GREAVES COTTON bove 180
TARGET 200 - 220 - 240
STOP LOSS 150
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!
HAPPY TRADING. !
Note
1st 15 min candle close above 180Note
well cup fill with 8% profit today. boom above 180. 1Note
192 touch till now. !Note
on daily chart stock is bullish from now if daily candle close above 180 today. !educational tip.. on intraday day basis we look at 15 min candle
short term basis or positional trade we look at daily candle .
Note
Greaves cotton 1st target - 200 HIT TODAY. !
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