Formed triangle pattern In daily time frame it formed symmetrical triangle pattern and reducing volatility.
Time to boom anytime
Keep in radar
GREAVESCOT trade ideas
Double bottom breakout with good volume buildup CMP: 163.80, T: 183, SL:146
For better R:R one can wait and purchase at breakout retest levels.
Study:
1. Double bottom breakout both on weekly and daily chart
2. Good volume buildup from previous trading sessions.
GREAVESCOT swing trade idea#GREAVESCOT - Best buying range 163.5-164 for 170, 176, 180 with SL below 156 in around 2 month's time maximum.
Chart of the Week (1st Chart): 03/07/2021Greaves Cotton looks extremely bullish after that re-test. Keep Stop Loss at Rs.150 and go long in this stock. Expect big targets in the medium term as the stock is around All Time High.
Greaves Cotton - A Dark HorseGreaves Cotton has provided probably a multi-year breakout with massive volumes on a monthly time frame.
After the breakout, the retest event also seems to be completed with a cross-over of 21 EMA to 55 EMA.
For the long-term horizon one should keep watch on Greaves Cotton for significant gain.
Disc.: The chart is for study purposes. Kindly consult your financial advisor before investment and also practice risk management.
Long Idea for Positional TradeNear Strong resistance level, if break this level then we seen 180 level.
keep SL below LL in 1HR candle
Elliott waves - complete structure ?I dont think so .Becoz wave 5 is acting like wave 2 . Any ideas from waivers Regards
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
