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.
Sell below 217, SL 225, Target : Sqaure off EOD
Splendidly standing on 2/1 support EOD. The stock should move north now and expect to see 278 in near / medium term
Crompton Greaves 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
disclaimer... not an investing or trading recommendation the target is preliminary one..
stock at swing high of pervious higher high once break of it we can see change of trend
1.Pitchfork play 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
Clean break out after 8 month of accumulation / consolidation .
Bullish AB=CD harmonic pattern .PRZ 201-200.1 Expected level 214-232 pattern failure @195
Targets : 192-185 Sell range : Below 225 Stoploss : 251 Duration : 3-4 weeks Outlook : 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...