CROMPTON trade ideas
Breakout and retest strategy for CromptonAs per the chart and markings you can clearly see that after the breakout from the channel and two retests we can easily see a strong bullish candle taking support at the resistance level of the channel in the hourly chart. It looks like a promising set up to long to see 1:2 risk to reward worth of profit.
crompton greaves during retracement phase we generally observe target according wolfe wave,so i have marked,and horizontal levels for better trading,please put sl according to your risk reward ration as best buying point was point 5 so we buying higher in this
Long Crompton GreavesCROMPTON GREAVES
Bullish in all TF / Chikou Free & Clear / Price Above Kumo / Fut Kumo Bullish / Tenkan above Kijun
TGT 550 / 610 / 675
SL @ 375 (flat Kijun)
Crompton greaves resistance breakoutNSE:CROMPTON Crompton greaves created head and shoulders pattern and ready to breakout
All the levels marked on chart
TON TON CROMPTON WILL REACH NEW HEIGHTS !!#41 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls,dabur.
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Buy CromptonBuy Crompton near 409 Stoploss 390 target 430 and above
Study: Structure Breakout + Retest
Crompton Greaves - YOU'LL DEFINITELY BECOME A FAN OF THS SETUPAMAZING FLAG BREAKOUT SETUP
GETTING READY TO FLY VERY SOON
deets available on the chart
enjoy the move and for more setups like this do follow me.
do like and share if you feel the idea is good
Crompton Looking for a channel BreakoutCrompton looking good for a channel breakout, weekly chart looks good. One can wait for closing above the channel with 360 as SL and target of 420, 440, 450 +++
Some fundamental points:
Good results posted by company.
Promoter pledge decreased to 47.25 % from 65.59 % last year, although still very high.
Disclaimer: Please trade on your own discretion, this is personal view and no recommendation.
Cup with Handle Breakout - Don't MissCrompton Greaves Con is involved in the business activities of Manufacture of electric lighting equipment.
The Stock broke out a trendline resistance and has almost completed its retesting. There is a Cup & Handle Formation on charts and the stock is ready to breakout. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA. The RSI is at perfect levels.
The Company is fundamentally very strong with a very healthy Balance Sheet. The Company has posted best ever EPS and Sales figure in its Lifetime in the the last quarter of FY 2021. The Company is expected to boom in future with Make in India Initiative by the Government. Mutual Funds and FPI are extremely bullish on the stock which is evident from stake improvement. FPI has raised their stake from 29.925 in June 2020 to 39.18% in March 2021. Mutual Funds have also raised their stake from 24.6% in June 2020 to 27.9% in March 2021. FPI and Mutual Funds hold a combined stake of 67% in the Company.
Don't miss it here.
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Crompton Greaves - Bullish Flag Breakout? After moving consistently within a Flag formed, the stock looks ready for its next leg up.
However, breakout of the Bullish Flag pattern has been followed by a tentative looking Doji.
Therefore, decision to buy will depend on tomorrow's opening (26.05.2021).
A positive opening looks like an opportunity to buy whereas a negative opening would move the stock back into the watchlist until the next breakout.
CROMPTONClosing Above 408 will confirm the buying position
Closing Above 421 will confirm the breakout
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
A pattern you would love to trade | S01e10 A beauty pattern by this amazing stock at all-time highs, amazing bull flag, if u draw a fibo from covids low u will get a good 0.3 retracement and now a 0.2 will be broken once closing above the trendline.
Happy trading and trade with proper risk and be happy :)
► ADVANCE PATTERN #14: CROMPTON ◄► ADVANCE PATTERN #14 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
▣ Key Highlights:
➟ Time frame Daily Ⓓ
➟ Trend line ⍩
➟ Flag Pattern 🎌
➟ Support ≌
➟ MA 150 ↝ Support
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 401
SL: ☢ 375
Target: ➚ 455/500
RR: ☈ 1:4
Return: 25%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Crompton greaves Crompton greaves moves with in the triangle with upper trend line as resistance, now cross over 50 sma shows a mild bullish trend, on the upper trend line is broken with good volume, can consider for a swing trade
