Crompton Greaves found good on the chart
1)Increasing In Volume.
2)If Cross 303 good for swing.
3)Double Top can be made
Cross the Macd line.
4)Mutual Funds & FII Increased their Holding.
Note*
Only for Educational Purpose Not Sell & Buy Recomdetion.
Plz consult your financial adviser before any decision.
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) good at weekly time frame and 1 hr. trendline support bounce and weekly possible to breakout.
2) Chart looks good.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor...
NSE: CROMPTON is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on...
CROMPTON
in 4th wave in larger Cycle
got rejected from channel top, wait for correction to complete
Up move will start forming 5th wave
it's not a trade advice, trade with due diligence
Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide...
Formed a base and attempting to break the important resistance by forming a W pattern.
Additionally attempting to break the down trendline.
A candle close above 323 should be initiation point for a long trade.
RSI rising above 60.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
NSE:CROMPTON Reason to go long :
1. Breaking out with volume .
2. Hovering near 23 % fib level .
3. Sideways for a year now , about to give break
Entry :307 -315
Sl and Tgt given on chart .
