Crompton Lower low, lower highCrompton is giving Lower low, lower high pattern and has taken support of Previous low and ready to break 52W low. Targe seems to 290
CROMPTON trade ideas
Uptrend is still intactCrompton CMP 394.85
Fibs- the stock halted at the 50% of the swing. At this support RSI was in the bull zone. This was a sign that the trend is still up.
Trendline- break of the trendline and now taking support above MA is telling me the uptrend is resuming.
Technical Insights: CROMPTONCurrent Price Action
Crompton Greaves (CROMPTC) is trading at ₹393.55, experiencing a slight correction of -2.72% for the day. The stock has been oscillating within well-defined trendlines, showcasing pivotal support and resistance levels.
Key Technical Levels
Resistance Zones:
₹440.35: A significant resistance level from recent highs.
₹479.15: A long-term resistance that aligns with historical peaks.
Support Zones:
₹384.25: Immediate support, currently being tested.
₹362.35 & ₹348.80: Critical levels to watch if the stock breaks below the ascending trendline.
Trendlines:
Long-Term Support: The yellow upward-sloping trendline has held since early 2023, reflecting steady bullish accumulation.
Descending Resistance: The downward sloping line from 2021 highs signifies major resistance. The stock's ability to break and sustain above this line will confirm a trend reversal.
Market Structure
The broader structure indicates that the stock is at a decisive juncture:
Bullish View: Sustained price action above ₹400 could lead to a breakout rally toward ₹440 and higher.
Bearish View: A breakdown below ₹384 could accelerate the fall to ₹362 or ₹348 levels.
Trading Outlook
Buyers: Look for a breakout above ₹400 with strong volume as confirmation of bullish momentum.
Sellers: Consider short opportunities if the price slips below ₹384 with significant volume.
CROMPTION - STOCK ANALYSIS
Crompton Greaves Consumer Electricals Ltd. (NSE: CROMPTON) on a monthly time frame
Here's a breakdown of the key observations:
1. Price Action
The chart shows a large price swing, with the stock previously declining by 48.9% (from around ₹495 to ₹252).
After the correction, the stock has rebounded, and it is currently trading at ₹432.05.
2. Projection
The next upward target range seems to be set at ₹650-700, which suggests a potential 49.73% increase in price from its current level.
3. Key Zones
Support Zone: Around ₹250, as seen from the previous drop.
Resistance Zone: Around ₹750, which is the potential target for the stock based on this technical setup.
4. Volume
There is Cumulative Volume Delta (CVD) data at the bottom of the chart, showing volume activity during the upward movement. The CVD suggests buying pressure is slightly above the selling pressure, which can support the upward trend.
5. Conclusion
The stock has gone through a significant retracement and seems to be on a recovery path with the potential for further gains. The chart suggests a bullish outlook in the medium to long term, with an expected target around ₹700.
This analysis appears to be based on technical chart patterns, which can be used for swing or long-term trading strategies.
Crompton Greaves - Double BottomCrompton Greaves bouncing at double bottom area which confluence with BAT harmonic pattern.
Entry once price retraces to 425 area, SL once closes below 415 in 15-min timeframe, Target 435
Crompton Greaves - BullishAt excellent support area
405-415 Strong Demand Zone
View negates below 400
Expected resistance zone 450/480
This correction is an opportunityCrompton CMP 419.7
This is a diagonal Triangle which comes down to the start of the pattern as a minimum tgt. Hence it is likely to come down to 370. The confluence at 407 and 398 are two place where it should take a breather. If it comes down to 370 its a must buy.
Crompton BearishOn Daily time frame it has formed a Bearish Engulfing pattern and on lower time frame we see a trendline support by breaking it will see more down side movement, levels are marked on chart Just a View Not a Reco...
Crompton Greaves Consumer Electrical| Ready to Give Big ReturnStock Name: Crompton Greaves Consumer Electrical
The best thing is that FII and DII also invested in this stock
Once Price breaks the Red Trendline then add more Qty.
Crompton is looking bullish on all time frameCrompton is looking bullish on all time frames. From 15 mins, hourly, daily also trying to breakout multiyear resistance.
Crompton Soars from Support TrendlineCrompton Greaves has recently surged from a key support trendline, demonstrating strong bullish momentum. This trendline, which has consistently acted as a support in the past, has once again proven to be a reliable level, with the stock taking off sharply after touching it.
Cromptom Sell on RiseCrompton created Ending Diaognal pattern in wave 5th.
It also breaked Trend line.
It goes to Minimum wave 4th target.
CROMPTON GREAVESENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
POSITIONAL CALL
Crompton Based on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
CROMPTON GREEVES LOOKING GOOD FOR LONGCG at imp level as powerful breakout
As 200 ema support and good yo go above 300 price
CromptonBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Crompton - Bullish biasReaching Strong demand as well as support area
Potential to cross 450 in coming days if sustains 415-410
Weak only below 400 areas
Coming down with No or Low volume
Expecting Strong bullish candle in a day or two
CROMPTON GREAVES - Enter on a pullback!Price Analysis & Observation:
1. HH-HL formation started, now I will wait for a higher low formation to enter.
2. Volume support is strong.
3. Trend is confirmed. It's clear BUY ON DIPS!!
4. Buying strength is good.
5. Expecting it come down for some retracement.
Trade Plan:
1. Need to wait patiently for the formation I want to enter on a dip.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Fans, Lighting, Pumps, Appliances making company is ready to flyHello everyone, i hope you all will be doing good in your life and your trading as well, i have brought another stock which is ready to fly in blue sky. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. Company name is Crompton Greaves Consumer Electricals Limited, and it is one of the leading consumer companies in India with a 75+ years old brand legacy.
Product Portfolio:-
Fans - Ceiling Fans, Table fans, pedestal fans, wall-mounted fans, Ventilating fans, heavy-duty exhaust fans, air circulators, industrial fans. In FY23, company has transitioned to the new BEE norms.
Pumps - Residential pumps, Agricultural pumps, solar pumps, specialty pumps.
Appliances - Water heaters, air coolers, mixer grinders, irons, small kitchen appliances, and power solutions. In FY23, company launched a range of built in kitchen appliances in top 10 cities.
Lighting - LED lamps, Battens, panels, streetlights and floodlights, interior & architectural lighting, incandescent lamps, compact lamps, and Fluorescent lights.
Stock is forming higher highs and higher lows pattern on weekly timeframe, and now it has taken support and formed higher lows on chart, there is higher probability we can see a follow through momentum in coming days. So this can be best entry levels to accumulate in lower levels for higher targets.
Market Cap
₹ 20,161 Cr.
Current Price
₹ 314
High / Low
₹ 328 / 252
Stock P/E
46.6
Book Value
₹ 42.6
Dividend Yield
0.96 %
ROCE
16.0 %
ROE
18.1 %
Face Value
₹ 2.00
Industry PE
66.8
Debt
₹ 1,019 Cr.
EPS
₹ 6.77
Promoter holding
0.00 %
Intrinsic Value
₹ 125
Pledged percentage
0.00 %
EVEBITDA
26.6
Change in Prom Hold
0.00 %
Profit Var 5Yrs
7.42 %
Sales growth 5Years
11.0 %
Return over 5years
5.70 %
Debt to equity
0.37
Net profit
₹ 440 Cr.
ROE 5Yr
29.4 %
Profit growth
-17.5 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Crompton-A weekly reversal breakout showing bullish future!Crompton stock has been largely underperforming due to poor results.
However, stock is now looking strong technically.
Weekly breakout is done and we can expect targets up and above ATH if broader market supports.
CROMPTON#CROMPTON broken out of the 3 week consolidation. Volume is not impressive but stock is looking strong as it closed above the supply zone.
CROMPTON Rocket setupCROMPTON is getting ready, take it as a warning. You will regret it if you miss it. As soon as the volume breakout happens the price of CROMPTON will jump to touch its all time highs.
TARGET - 496
SL - close below 9 ema on daily time from
CMP - 392.45
if you have enough patience you can hold it for even bigger targets. Nobody knows the future , MANAGE YOUR RISK ON MOST PROBABLE OUTCOMES .
