CROMPTON HAS FORMED HNS PATTERN WHICH IS A BEARISH PATTERN ANY BREAKDOWN BELOW THE NECKLINE CAN TAKE THE STOCK TO 140-135 RANGE KEEP WATCH. STOCK BOUNCED A BIT FROM THE SUPPORT LINE AND FROM 100 WEEKLY EMA.
Entered on 27 Jul 18 on 243.70 with a stop loss at 232.40
TSL update on 01 Aug 18 to 239.30
TSL update on 03 Jul 18 to 241.50
TSL update on 10 Aug 18 to 258.90
Trailing Stop Loss : 258.90
Stop Loss Hit : 16 Aug 18
Profit : 15.2 points
2.Bullish reverse divergence
3.Support formed by the ML of PF
4.Take profit expected at the ML of PF at 0.786fibo id the current bottom is actually the true one, and also expect as the pivot action is being seen now
Targets : 192-185 Sell range : Below 225 Stoploss : 251 Duration : 3-4 weeks
Attached Daily chart of (CROMPTON) a participant from sector Electricals products, is showing a bearish momentum as per western technicals, Heikin Ashi chart analysis and momentum indicators.
Recently, the stock prices have staged a breakdown from lower...