Welcome to the quick update of Crompton Greaves. It has shown potential rally from the last two days and has broken the long term down trend upwards.
A good rally may be imminent here if one consider this stock to add to his/her portfolio as this stock has very good fundamentals.
The possible entry points should be in the range of Rs 325 to Rs 337 with...
CG Power and Industrial Solutions Limited, previously known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group.
CG Power - Crompton Greaves Consumer Electricals Limited
Good stock from low of Rs5 to 180 in 2years
Still potential in this Stock to perform well
Buy at CMP for positional view of 200/240/290 levels
Very Short term 200 targets and 240 to 290 for 1-3years time
Keep SL of 140 levels
Company is expected to give good quarter also.
Above levels are...
1. Price formed rounding bottom pattern and brokeout.
2. Retested the breakout during the market correction period.
3. Took the support at EMA 50.
Entry : 440
Target : 500
SL : 408 (Weekly closing basis)
This is weekly chart of Crompton here we can see its taking a regular support from a trendline from March 2020.
It has broken out of demand zone and again retesting it with confluence.
We can enter somewhere around the area of confluence with Stop Loss somewhere below Demand Zone.
On hourly chart i see a rounding bottom being formed...
Can breakout from here.. keep a close watch.. may for a cup and handle or take a retracement post breakout..
Disclaimer: This is my own analysis and not any kind of recommendation or a suggestion.. plz analyze yourself before trading.
#41 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever,...
A beauty pattern by this amazing stock at all-time highs, amazing bull flag, if u draw a fibo from covids low u will get a good 0.3 retracement and now a 0.2 will be broken once closing above the trendline.
Happy trading and trade with proper risk and be happy :)
Crompton looking good for a channel breakout, weekly chart looks good. One can wait for closing above the channel with 360 as SL and target of 420, 440, 450 +++
Some fundamental points:
Good results posted by company.
Promoter pledge decreased to 47.25 % from 65.59 % last year, although still very high.
Disclaimer: Please trade on your own discretion, this is...