NSE:CROMPTON is at the key levels; and the crossover if happens will give a good upside:
Key Levels:
Entry Price: ₹301.70
Target Price: ₹311.95
Stop Loss: ₹291.30
Detailed Technical Analysis:
1️⃣ We are observing a resistance at around ₹300.17. If the stock breaks this level, we can expect it to rise towards the target level of ₹311.95.
2️⃣ The...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
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POSITIONAL CALL
If the shares of Crompton Greaves break the levels of 260 decisively on weekly basis then expect levels of 200 for this share in the coming weeks. However, this level is a good support and if held, this level could also act as a zone for reversal in the future. Act only once the stock has given a decisive breakdown (for shorters).
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 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.
VCP breakout on 25th August, pullback & retested the upward trendline on 5th septem & today boucing back. Consumption stocks are doing well & next 3 months are festive/shopping season.
Crompton has resisted thrice from 400-405 levels. It has formed a triple top pattern. i am expecting the pattern to get completed at 369 below which can see a nice fall in this counter. Keep tracking
Hello !!
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.
