CROMPTON trade ideas
Bullish Breakout for Cromption GreevesThere could be bullish break out for Crompton, expected target 240
CROMPTON , Short term highly bullish !!!!!! Crompton currently trading in channel , must show 260 and beyond on coming days.
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Decreasing volumeVolume has decreased in the last 2 candles. High reversal chances. If came down to 231, 231 could be treated as buying zone. Should reverse up to 252. If didn't reverse 252 should be the target
CROMPTON Long till 235/240Take Long position till 235-240
Wait for it to break resistance and daily supply for further long entry
Take Short if it doesn't break resistance
HEAD AND SHOULDER PATTERN FORMED CROMPTON HAS FORMED HNS PATTERN WHICH IS A BEARISH PATTERN ANY BREAKDOWN BELOW THE NECKLINE CAN TAKE THE STOCK TO 140-135 RANGE KEEP WATCH. STOCK BOUNCED A BIT FROM THE SUPPORT LINE AND FROM 100 WEEKLY EMA.
Standing on 2/1 supportSplendidly standing on 2/1 support EOD. The stock should move north now and expect to see 278 in near / medium term
Crompton Greaves Bounce Uptrend TradeCrompton Greaves
Entered on 27 Jul 18 on 243.70 with a stop loss at 232.40
TSL update on 01 Aug 18 to 239.30
TSL update on 03 Jul 18 to 241.50
TSL update on 10 Aug 18 to 258.90
Trailing Stop Loss : 258.90
Stop Loss Hit : 16 Aug 18
Profit : 15.2 points
what a base formation through wyckoff reaccumulationdisclaimer... not an investing or trading recommendation
the target is preliminary one..
looking bullish even negitive marketstock at swing high of pervious higher high once break of it we can see change of trend
Great fundamentals with decent return possibilities1.Pitchfork play
2.Bullish reverse divergence
3.Support formed by the ML of PF
4.Take profit expected at the ML of PF at 0.786fibo id the current bottom is actually the true one, and also expect as the pivot action is being seen now
