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Crompton

Technical Insights: CROMPTONCurrent Price Action Crompton Greaves (CROMPTC) is trading at ₹393.55, experiencing a slight correction of -2.72% for the day. The stock has been oscillating within well-defined trendlines, showcasing pivotal support and resistance levels. Key Technical Levels Resistance Zones: ₹440.35: A significant resistance level from recent highs. ₹479.15: A long-term resistance that aligns with historical peaks. Support Zones: ₹384.25: Immediate support, currently being tested. ₹362.35 & ₹348.80: Critical levels to watch if the stock breaks below the ascending trendline. Trendlines: Long-Term Support: The yellow upward-sloping trendline has held since early 2023, reflecting steady bullish accumulation. Descending Resistance: The downward sloping line from 2021 highs signifies major resistance. The stock's ability to break and sustain above this line will confirm a trend reversal. Market Structure The broader structure indicates that the stock is at a decisive juncture: Bullish View: Sustained price action above ₹400 could lead to a breakout rally toward ₹440 and higher. Bearish View: A breakdown below ₹384 could accelerate the fall to ₹362 or ₹348 levels. Trading Outlook Buyers: Look for a breakout above ₹400 with strong volume as confirmation of bullish momentum. Sellers: Consider short opportunities if the price slips below ₹384 with significant volume.
NSE:CROMPTON
by ayusharya_001
Crompton Become Rocket🚀Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Range Bound Pattern in daily and Week TF. * From Jan 2023 to May 2024 Moving in 70 points Range. * It's already break resistance one and trying to breakout second resistance zone. * If Stock break's second resistance zone then we can see a good move, let's see breakout sustain or not. * Volume Accumulation (Volume is rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:CROMPTON
by ChartSight
🚀 CROMPTON’s breakout is turning heads! Will it fly high?CROMPTON has been on the radar of many traders after breaking out of a consolidation phase that lasted approximately 15 months. This breakout was characterized by a strong bullish candle, indicating a significant volume-supported price movement. Here's a simplified analysis of why CROMPTON might just be the stock to watch: After a prolonged downtrend, CROMPTON entered a phase of consolidation, with a clear resistance level that had been tested and held multiple times. The recent sessions saw a breakthrough of this resistance with a wide bullish candle, suggesting a robust breakout. Currently, the price is retracing towards what was resistance, now turned support—a classic example of polarity in action. Volume Analysis: The retracement is occurring on diminishing volumes, hinting that the selling pressure is weak, and the sellers are possibly less committed. Demand Zone Dynamics: There's a Rally Base Rally Demand Zone in play, and the price is now within this zone, indicating a strong setup for a potential upward move. The technical landscape suggests that CROMPTON is setting up for a Breakout Retracement Trade at the Demand Zone. Trade Strategy: Set a Stop Loss (SL) just below the Demand Zone to mitigate risk. The first target for taking profits could be the high of the breakout candle. To potentially benefit from a rally, consider trailing the SL to protect gains. Conclusion: The technical indicators for CROMPTON are aligning for what could be an exciting trading opportunity. With the price action and volume analysis pointing towards a bullish continuation. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 Trading is a journey, and every trade is a new chapter in your story. 🌟 Please note that this analysis is for educational purposes only and is not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NSE:CROMPTONLong
by AfnanTAjuddin
2
CROMPTON - Ichimoku Breakout📈 Stock Name - Crompton Greaves Consumer Electricals Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 343. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap
NSE:CROMPTONLong
by nikunjbhadja
CROMPTON - Bullish Swing Reversal with VolumesNSE: CROMPTON is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 15% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:CROMPTONLong
by BrahmaBull31
Bears got Upper hand in CROMPTON ??!!!Chart patterns just impressing me with the title stated above. Reasons : (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 considered for the target.(as it may turn to be a consolidation zone) 5. If purple line too broken (chances are high) , then we can think about the next level target(will update) 6. Safe less risky SL can be Day candle closing above the flag (yellow line). Let's wait and watch how it moves. Note - Just Sharing my view....not a tip nor advice!!!
NSE:CROMPTONShort
by mmjimm