GREAVESCOT trade ideas
GREAVES COTTON Positional View !!!GREAVESCOT : cmp : 135.1
A pole & flag kind of pattern has been formed in daily chart.
Above 139 BO possible .
TGT 154/178
Sl 117 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
#GREAVESCOT #ENGINEERING #ENGINERSIN #MACHINERY #EQUIPMENT 11%+ Greaves Cotton Ltd
#GREAVESCOT
NSE:GREAVESCOT
CMP: 145.35
Target: 170++
May hold above 170
Stop Loss: 127
Time Frame: Approximately 3 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 200 in longer time.
Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .
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With 💚 from Rachit Sethia
Greaves Cotton 4yr Breakout / 1Yr Cup & Handle / 40-50% ReturnsThe entire industrial machinery sector was up on Friday.
(Usha Martin gave a stellar breakout of 11%)
This will also follow suit.
Likely to give a solid breakout next week.
SL: 125 on a weekly closing basis.
Tight SL: 135
Cup with Handle Breakout - Multi YearGreaves is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance. It is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines.
The Company revenue is continuously growing form last few quarters. Return on Equity of 16% is good.
Stocks volume has grown significantly which is highest in its lifetime. The Stock it seems is ready for a new lifetime high with technical charts & indicators also showing positive sign. The stock is ready to break out with a cup and handle pattern which is widely accepted pattern and has high accuracy.
Accumulate at these levels with SL at 125. Target 180-200
Greaves Cotton - Cup and Handle Pattern (Weekly TF)It's been a lot of time for this formation to take place and there is pure confirmation for the same. Greaves cotton has now formed and in action of the cup and handle pattern.
Disclamer- Trade at your own risk and always place an appropriate stop loss for the same.
Thank you.
GREAVES COTTON EQUITY levels ...29/04/2021 (D candle)😊GREAVES COTTON EQUITY levels ...29/04/2021 (D candle)
GREAVESCOTT Short TermIf greave scott broke triangle pattern,it will give momentum for short term investment
GREAVESCOT LONG TERM HOLDINGBest stock for long term holding
Buy 152-155
MAY reach 200 by december 2021
Greaves Cotton whats gonna happen guyssomething cooking in the chart🏋️♀️🏋️♀️
whats gonna happen guys ???
i am not mentioning anything.🙏
u can comment below what's your view about it.(just comment what u see in the chart)🍁🍁
try to feel what really the stock / company / chart cooking💰💰
postive q3 published💰
about greaves cotton
Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.
support🍁like🍁comment🍁
Amazing buy and accumulate at lover levelsMulti-year buy and hold stock Greaves Cotton! amazing buy and accumulate at lower levels. Has everything going for it. Can be a multibagger, will be hard to get once it crosses 150-153. Keep an eye and accumulate with 2 years horizon! pls take this seriously. Biggest beneficiary of EV story!!
