buy at retest levelsholding a support since march 21
finally bounced from that support and given breakout.
now in retest phase.
chances are it should go up.
GREAVESCOT
FY21-22 Swing Trade Idea #193: Long on GREAVESCOT This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Greaves Cotton - Ready to Fly
Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years
Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation (P/B) to its peers like Cummins, Swaraj engines, G G engineering.
Promoters of company are constantly added shares over last 2 years.
Co Owns Subsidiary Co named Ampere which produces electric Scoters.
2 Wheeler Electric segment is expected to grow at 70% CAGR over next 5 years. So huge Value building can be expected from Greaves Cotton.
Technical -
Volume accumulation is seen in last 2 weeks with Cup and Handle pattern on weekly chart.
Once Stock reaches all time high above 175.6 it will enter uncharted territory.
P.S : Holding this Script from lower levels.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
GREAVESCOTTON: BULLISHA triangular formation , expectation of getting all time new highs. Buy on cmp, add on dips , maintain SL of 125 & look for tgt of 180 zone.
GREAVESCOT - GOOD PATTERN BOI JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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#GREAVESCOT #ENGINEERING #ENGINERSIN #MACHINERY #EQUIPMENT 11%+ Greaves Cotton Ltd
#GREAVESCOT
NSE:GREAVESCOT
CMP: 145.35
Target: 170++
May hold above 170
Stop Loss: 127
Time Frame: Approximately 3 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 200 in longer time.
Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .
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With 💚 from Rachit Sethia
GREAVES COTTON EQUITY levels ...29/04/2021 (D candle)😊GREAVES COTTON EQUITY levels ...29/04/2021 (D candle)
GREAVESCOTT Short TermIf greave scott broke triangle pattern,it will give momentum for short term investment
Amazing buy and accumulate at lover levelsMulti-year buy and hold stock Greaves Cotton! amazing buy and accumulate at lower levels. Has everything going for it. Can be a multibagger, will be hard to get once it crosses 150-153. Keep an eye and accumulate with 2 years horizon! pls take this seriously. Biggest beneficiary of EV story!!
Greaves cotton hits all my targets... 88-140Greaves cotton hits all my targets... 88-140. Simple charts are enough to make money.
Greaves cottons blasts more than 25%Greaves cottons blasts more than 25% from given buy levels. Enjoy simple charts
Greaves Cotton near breakoutGreaves Cotton near breakout. It can be added upto 82. Small resistance at 100-110. Next target is 130+.
Swing Trade Idea #214 : Long on GREAVESCOT This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Watch GREAVES COTTONGreaves cotton on a daily time frame, it is trying to break the upper trend line. This time it might break. Watch out for more upside in the coming days
50 TO 100% UPSIDE. #GREAVESCOTTON.GREAVES COTTON analysis , a simple and powerful breakout technique that can give you solid risk to reward
Greaves Cotton - Bullish Engulfing at supportNote: This is for educational purpose only.
There seems to be a bullish engulfing at long term support. Buy above high of current candle.
