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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
Greaves Cotton Supply Zone Breakout ! Electric Vehicle theme.Price is giving a breakout from a strong resistance / supply zone . Also , we can see the price making higher high's on the hourly timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt . has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle usage in the country (specially the two wheeler sector) . Subsidizing this sector will definitely help the EV adoption and the plans of the government of making India an electric vehicle nation by 2030. Greaves Cotton is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance. In Automotive segment Greaves provides wide range of fuel-agnostic powertrain solutions for Diesel, CNG, Petrol powered 3-wheeled commercial vehicles. The company has ventured into last mile personal mobility segment with Ampere Electric for electric 2 wheelers, smaller electric industrial products and electric 3 wheelers. So , it can be anticipated that Greaves Cotton will gain advantage from the leverage given for manufacturing of Electric Vehicle by the Govt.
NSE:GREAVESCOTLong
by anusuabose92
Romeo Power, this is not over yet*It has been completing a head and shoulders pattern. *It is 55% below its all time high from December last year. The most that could fall from my perspective is to 60%, around $15, from there a rise would continue. *Some of its institutional holders include BlackRock, Deutsche Bank, JPMorgan, Bank of America, Goldman Sachs, among others. *Its stochastic is at the oversold point. *It has the potential to return to at least the $20-25 range this quarter (20 to 40 percent of profit for the current price).
RLong
by amateur_trad3r