NSE:CREDITACC Stock current interaction with the 0.618 Fibonacci retracement level at the price of 1565 indicates a robust support level. And also, bottom support and trendline support meets the same price level. Entry point is buy and sustain above 1636 rupees.
Target 1 is 1720 to 1745 rupees.
Target 2 is 1850 to 1870 rupees.
Stoploss close below (one day...
Introduction:
In the dynamic world of stock trading, opportunities often present themselves in unique and exciting ways. One such prospect currently capturing the attention of investors is Credit Access Gramin, a company that has been riding the waves of strong momentum and is now trading near its all-time high. In today's analysis, we'll explore the factors...
📊 Details
CreditAccess Grameen Limited is registered as a non-deposit accepting NBFC - Microfinance Institution with the RBI. It is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. It also uses its distribution channel to provide certain other financial products and services to the members....
Stock is trading near its all time high with good volumes. Bollinger band is also showing upward momentum. RSI is above 60 on Daily, Weekly and Monthly. Stock is trying to break its resistance with good volumes after two attempts. can expect a target of 1560, 1620 and 1840 on short term, medium term and long term respectively.
Detailed View about this Breakout:
No.of Resistance: 7
No.of Support: 8
Consolidation days : 850+ days
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SL can be Maintained below Breakout Candle
CREDIT ACCESS GRAME monthly and weekly all-time high breakout with the bullish channel. If it opens above 1220 and sustains above 1236 in daily it will reach 1457
Creditaccess consolidating in a range since Apr'22 and whenever this range will break it will just fire up. Now there are 2 options in front of us
1) Wait for retracement to 870-880 zone which will give great risk reward. Just place alert and wait for trigger
2) Wait for open above 1090 and then enter.
3) There is another option, enter near 945 with 33% plan qty...
BUY - CREDIT ACCESS GRAMEEN
CMP - Rs. 1085
Target - 1: Rs. 1375
Target - 2: Rs. 1700
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Technicals - Bullish Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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