Elliott waves - complete structure ?I dont think so .Becoz wave 5 is acting like wave 2 . Any ideas from waivers Regards
GREAVESCOT trade ideas
Greaves Cotton ATH Breakout with volumeThe stock went into consolidation from March. Has shown wonderful volume activity in the last couple of weeks. Can easily show levels of 250-270.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Daily chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note : I reserve the right to be wrong.
DISCLAIMER :
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
GREAVES COTTON-Stock forming Head and Shoulders Pattern.
-Stock break and sustain above 148 Next level to 165/175 levels .
-Support is near 125 level on chart.
Greaves Cotton on verge of BO of year 2017 levelOnly for study purpose and take advice from experts here.
greavescot triangle patternall details are in above chart... proper analysis and take a trade in your own risk...
Greaves Cotton - Ready to Fly
Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years
Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation (P/B) to its peers like Cummins, Swaraj engines, G G engineering.
Promoters of company are constantly added shares over last 2 years.
Co Owns Subsidiary Co named Ampere which produces electric Scoters.
2 Wheeler Electric segment is expected to grow at 70% CAGR over next 5 years. So huge Value building can be expected from Greaves Cotton.
Technical -
Volume accumulation is seen in last 2 weeks with Cup and Handle pattern on weekly chart.
Once Stock reaches all time high above 175.6 it will enter uncharted territory.
P.S : Holding this Script from lower levels.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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GREAVESCOTTON: BULLISHA triangular formation , expectation of getting all time new highs. Buy on cmp, add on dips , maintain SL of 125 & look for tgt of 180 zone.
GREAVES COTTON HR STOCK STREET
BREAKOUT WITH GOOD VOLUME
CAN EXPECT UPSIDE MOVE UPTO CHANNEL BORDER i.e 210-220 THEN DEPENDS ON FURTHER PRICE ACTION. SWING TRADER CAN TAKE THIS TRADE
TARGET 210-220
TIME WITH 6 MONTHS
5 year breakout scene - huge volume accumulation parallel channel from past 5 year with 3 time breakout attempt
now volume is so huge no one deny it gone to break resistance
Greaves Cotton Supply Zone Breakout ! Electric Vehicle theme.Price is giving a breakout from a strong resistance / supply zone . Also , we can see the price making higher high's on the hourly timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt . has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle usage in the country (specially the two wheeler sector) . Subsidizing this sector will definitely help the EV adoption and the plans of the government of making India an electric vehicle nation by 2030.
Greaves Cotton is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance.
In Automotive segment Greaves provides wide range of fuel-agnostic powertrain solutions for Diesel, CNG, Petrol powered 3-wheeled commercial vehicles. The company has ventured into last mile personal mobility segment with Ampere Electric for electric 2 wheelers, smaller electric industrial products and electric 3 wheelers. So , it can be anticipated that Greaves Cotton will gain advantage from the leverage given for manufacturing of Electric Vehicle by the Govt.
Greaves cotton LongGreaves cotton Long
Buy at- 137
SL- 129
Target- 146,154, 165
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Can go long on Greavescot Can preempt the break out of symmetrical triangular pattern for targets upto 190.
GREAVES COTTONGREAVES COTTON
weekly chart
forming inverted head and shoulder
good volume
bullish rsi @ 69
bullish macd crossover
bullish stochastic crosser .
buy cmp @ 156 and add more if retrace to neck line
sl @ 130
target @ 223
GREAVESCOT - GOOD PATTERN BOI JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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Watchout For Resistance Breakout ✌✌This scrip tries three times to break the resistance, I hope this times it will break it. So traders keep on your radar to catch the momentum.
