#GreavesCotton CMP 151 is now breaking abv trendline and going forward to 175/210.
Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc
and now leading player in EV two wheeler segment.
Greaves Cotton Ltd
- Almost 40% down from its All Time High
- Bounced from 78.6% fibonacci retracement level
- Taking support at 200ema
- Better to wait for the retest instead of rushing into the trade with full capacity
Buy Greaves Cotton for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
💡Key triggers for future price-performance:
1) Transformation strategy to increase E-mobility and new-initiatives business share to drive long term growth and help transform and de-risk its business.
2) Consolidation of manufacturing operations into Megasites to bring...
Greaves cotton looks great on chart
It has been consolidating since 2014 and ready to breakout
Very positive as all EMA's are supporting the price together
It can explode anytime
already moved 30-40 points last week.
Big EV player
Disclaimer: This is not a recommendation but for educational purpose. Invest at your own risk.
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...