#GreavesCotton cash : looks good only above 196.10#GreavesCotton cash-Positional call
22 March 2022
Looks good only above 196.10
stoploss 178
Target 218-220/248
Cmp 187
GREAVESCOT trade ideas
GREAVESCOTGreaves Cotton Ltd
CMP: 190
- 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
Greavescot ready for next moveElectric scooter major Greavescot did a little pullback and now is ready to make the next upward move.
Greaves Cotton ready for the uptrend!🤩💸🔥Buy Greaves Cotton for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡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 higher operational efficiencies and reduced fixed costs in the long run.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted a Good Q3 Result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Greaves Cotton at good supportEarlier resistance is now acting as support and also it is at 200 ma.
Good buying interest seen at this 170 levels.
SL 155
T 255
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalGREAVES COTTON LTD
Stock given trendline breakout and now at resistance level
Good volumes coming
Good to buy above 181 levels for positional targets of 192/204/220
Multiple bullish signs in Greaves cottonThe stock had given a range breakout in January. After making a high it has pulled back to initial 6 month resistance zone and has been consolidating for a month.
Now it has closed above all EMA, given a trendline breakout with a volume spike.
Buy above 180.5 (closing basis) for positional targets of 192, 204 and 223.
Learn & Earn,
Dr. Tanya Kumar
Stock is Ready For RunningStock is ready for running.
Good Bounce Possible on this level
Taking support on consolidation Zone.
Greves Cotton (08-01-2022)Greaves cotton stock complete 5 waves in upside and wave A down (a,b,c)
wave b move up (a,b,c)
wave c down 5 lag
5th wave complete 159 near price
Greaves CottonGreaves Cotton, bearish on this trend going down, personally won't trade down but wait for an opportunity to buy at a good price.
SYMMETRIC TRIANGLEIt is a continuation pattern that signals a period of consolidation in a trend followed by a resumption of trend
It is formed by convergence of descending resistance line and ascending support line
Time frame :Works well on hourly charts and above
long if BO seen on weekly chartsalready fibo TGT done (178-213-248.80) , still have momentum to go to 360-472 but will take time....
1ST AND 2ND TARGET ACHIEVED IN GREAVES COTTONWe had recommended Greaves cotton from 160 levels and have achieved 2 targets with over 50% returns running...3RD TARGET ON.
NOTE: Self explanatory chart for Education purpose only
Breakout StockIn today's trading session, Greaves Cotton shows a breakout of Penant Pattern on daily chart.
After long years of range bound movement,A breakout to new highFrom 2014 onwards the stock has been consolidating on a range and after8 years the price has breached above the consolidation zone, with huge volume considering the bullishness the momentum can be continued, the stock can be considered for short to medium trade with proper risk to reward
Multi year BreakoutMulti year Breakout on Greaves cotton ltd , cmp 227.40 /almost 7 year breakout on chart /good consolidation and nice breakout/do your own analysis before take any trade..
Interesting volumes in greavesStock has seen some good volumes in 2-3 sessions plus last 3 candles in 15 mins looks amazing. Worth taking a position for this price action with sl at 159. Risk Reward 1:3
GREAVES COTTON, Swing Trade SetupStock name : GREAVES COTTON
Time frame : 1 DAY
Wait for proper breakout and retest for entry.
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Target 2 achieved in Greaves Cotton. Gain of 42% Target 3 is ON.This is follow-up on Greaves Cotton. Can check link to related ideas.
Target 2 achieved. More than 42%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Greaves Cottan wave countGreaves cottan has been in an up trend since November 2020 there by making higher and higher low's.In the process we can see it is following elliot wave counts as shown.So far it seems like we are coming out of Primary wave 2 correction and going ahead we can acceleration in the trend as wave 3 in primary degree can take prices to 320 odd levels,which roughly double from current market prices.In case this move turns out to be wave C of zigzag we can still expect prices to travel in the range of 208-252 which is also about 30% move from current market price,hence longs can be entered at current market price as we are seeing 0-B trendline breach along with prices breaking out of wave B peak area suggesting end of Primary wave 2.We can also see stock is following 36 trading days cycle and recent cycle low coincided with primary wave 2 low's.
As far as stop-loss is concerned we can keep 120 as our initial stop-loss as it is where wave 2 has ended.Once prices advances one should trail stop-loss as per there risk apetite.
Disclaimer:This are just my views on this stock,no position should be build or exited on its basis,i am posting this for my future reference.
GREAVESCOT #GREAVESCOT (W):- 209 CMP, Looks good for more upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Greaves cotton Ready for multi year breakoutSimple consolidation of 7 years
Increased volume activity, after failed range break in March 2020
As stock is back in the range after failed breakdown & increased volume thereafter shows we might see a range break soon.
SL will be wide at 125-130 as monthly charts
Tip: Many times you will see stocks give breakout/breakdown then consolidate a bit forming tight range. them price will move with volumes in opposite side of the breakout/Breakdown
