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Cromptongreaves

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 GREAVES - Enter on a pullback!Price Analysis & Observation: 1. HH-HL formation started, now I will wait for a higher low formation to enter. 2. Volume support is strong. 3. Trend is confirmed. It's clear BUY ON DIPS!! 4. Buying strength is good. 5. Expecting it come down for some retracement. Trade Plan: 1. Need to wait patiently for the formation I want to enter on a dip. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CROMPTON
by SuperNova396
1
🚀 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
Enter on price crossing up.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 Parabolic SAR issued a 'Buy' signal on 4th August 2023, indicating a potential bullish scenario. 3️⃣ Our analysis predicts a bullish crossover on the stock's RSI (Relative Strength Index) in the near future. This reinforces the 'Buy' signal. 4️⃣ We also observe a positive crossover in the Fisher Transform, suggesting an upcoming positive price movement. We recommend implementing the key levels (entry price, target price, stop loss) into your trading strategy. Best Regards. #PhenogenSolutions #StockAnalysis #CromptonGreaves #TechnicalAnalysis #TradingStrategies Disclaimer & Disclosures: This analysis is based on publicly available data and is intended for informational purposes only. It should not be considered as investment advice. Finogent Solutions LLP is not responsible for any losses incurred based on the information provided. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NSE:CROMPTONLong
by finogent