Chart patterns just impressing me with the title stated above.
(with respect to weekly time frame)
1. Crompton is travelling(and respecting) in expanding triangle pattern.
2. Now, there is bearish flag formation and given breakdown with volume (shown in chart).
3. Breakdown candle is a bullish engulfing candle.
4. Purple line(315 level) can be...
CROMPTON:- Cup and handle pattern has formed, wait for breakout, till then keep an eye on the stock
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
Crompton Stock moves within the perfect channel if breakout in upwards and retest than go for a long trade or if breakout downwards and retest then go for short trade but having a strong support from 316 to 319. Short trade should be taken after breakout of 316 level.
Just for educational purpose and paper trading.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Crompton is looking very much puzzled on daily charts nothing is working in it and no indicators are working too although stock recovered almost 30% from 52 week lows and discounted 22% from 52 week highs, so we have to wait for next move in it will go for high conviction trade in it in any of direction when it breaks any of trendline till then waiting and adding...
#CROMPTON (W):-CMP 395 Looks Good Above 410 For More Upsides :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.