NSE: 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...
CROMPTON
in 4th wave in larger Cycle
got rejected from channel top, wait for correction to complete
Up move will start forming 5th wave
it's not a trade advice, trade with due diligence
Welcome To Trend Talk😊
All Levels in a Chart
Options Trading for Beginners
Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
CROMPTON Form good rounding bottom structure & giving a proper Breakout Candle.
We can see a good rally in coming days. Good for swing & Long Term Investment
Crompton, After a huge rally, in the top it has formed a head and shoulder in daily time frame.
after huge downfall it has retraced a bit and formed bearish flag.... and it may continue to fall upto given levels ....
Make decision wisely...
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...
CROMPTON:- Cup and handle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
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.
Thanks
Just for educational purpose and paper trading.
