Greaves Cotton Ltd. @ 174.37Sector: Engineering - Industrial Equipments
Weak Stock
Investors should be very cautious while exercising investment decision for the stock
Promoters have decreased holdings from 56.00% to 55.88% in Jun 2024 qtr
Mutual Funds have increased holdings from 0.46% to 0.47% in Jun 2024 qtr.
52 Week High 181.40
52 Week Low 112.05
All Time High 258.90
All Time Low 0.80
Book Value Per Share 61.95
Dividend Yield: 1.15
Sector PE 53.26
Face Value 2
Beta 1.14
Mkt Cap (Rs. Cr.) 4,047
RESISTANCE: 259
SUPPORTS: 8112/66
UPSIDE CAN BE:
Ultimate Targets: 231, 280, 304-350, 423-455, 617-645
GREAVESCOT trade ideas
Greaves cotton breakoutGreaves Cotton Limited's financial performance for the fiscal year 2023-24 showed strong growth and positive momentum. The company's standalone revenues reached INR 1,779 crores, marking a 15% year-over-year increase. On a consolidated basis, the revenues amounted to INR 2,633 crores. Notably, the company's net profit surged to INR 284 crores, reflecting a significant 147.1% increase compared to the previous year.
short term trading opportunity in Greaves Cotton >15% upsideHi,
NSE:GREAVESCOT has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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GREAVESCOTprice is traded at support area so it s possible chance that price will move upper side
Stop loss will below closing of last swing low which is marked in green area
target as marked in zone.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
GReaves Cotton LtdGReaves Cotton Ltd. manufactures and sells diesel and gasoline engines, farm equipment, and equipment for power generation. It operates in the Engines, Electric Mobility, and Others segments.
I noticed that about thirty percent of the data was corrected quickly, and now that it's attempting a positive reversal, there's a potential it will see a strong comeback if it reaches the 132–133 level. If it breaks through the 133 level, I think it can reach 140, 150, 160, .....
This is only meant to be educational. I do not provide any form of advice.
Please speak with your advisor before making any financial decisions.
EXPECTED IMPORTANT LEVELS & STRATEGYHey folks!
All the important levels have been marked on the chart along with the description.
In this post i have shared buying strategy for this stock.
Risk : Reward ratio = 1:2 from the buying area to target.
This strategy works better in an overall up trending stock.
Three reasons for picking this stock:
1.Trending Stock (atleast for now).
2.Divercification and expansion of business verticals.
3.Improving fundamentals.
for any questions just drop a comment or message !
If you are viewing this idea on mobile or tablet, then to watch the chart levels then rotate your mobile to landscape mode.
GEREAVESCOT : Ready to Unfold Big Move.NSE:GREAVESCOT
On weekly chart you can see price hit 165 level two times earlier and fallen heavily, so we need a closing confirmation above 165 for good upside move in positional view.
If you are trading Intraday Then take 5 Min candle close confirmation.
#GREAVESCOT
Breakout Entry Above - 165.50
Stoploss- 138
Potential targets.- 185,205,260+
Keep Learning,
Happy Trading.
Greaves Cotton: Swing long
Gave a breakout of the down trendline and successfully retested with a bullish pin-bar candle.
Continuously attempting for a breakout of 170 levels which happens to be a heavy supply area.
Momentum a bit mixed up.
This can be a risky bet, but if price successfully breaks out the supply zone expecting a min target of 20%
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Greaves Cotton Ltd.Greaves Cotton Ltd. is involved in the production and distribution of farm equipment, power generation equipment, gasoline engines, and diesel. The Engines, Electric Mobility, and Others segments are how it functions.
I saw that almost 15% of the data was corrected in a short period of time, and now that it's trying to make a positive reversal, it's concentrated in a three-point range. If it crosses the 132–133 level, there's a chance it will receive a good return. I believe it can touch 138, 143, 148, or 154 if it crosses the 133 level.
This is solely for instructional purposes. I am not an advisor of any kind.
Please consult your advisor before to making any investments.