GREAVESCOT trade ideas
Greaves Cotton - W PatternGreaves cotton weekly chart shows possibility of W pattern formation. Can buy at cmp with stop loss of 82.7 or can accumulate in dips. Can go long with trailing stop loss for the technical target of 146.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
GREAVES COTTON 1DSTOCK:- GREAVES COTTON
CMP:- 87.70
TARGETS:- 97.30,106.75 and 116.40
SL:- 78.50 on closing basis
The stock has been in a definite downtrend but now it has formed its DOUBLE BOTTOM
and is ready to fly high
THE stock has given breakout of the channel and today it closed above it with good volumes
The stock has also crossed above 200DMA and closed above it. Very bullish chart it is.
One can go long for the TARGETS.
Greaves Cotton Ltd. - Double Bottom PatternGreaves Cotton Ltd.
The stock has formed a double bottom pattern.
Technical indicators are mild bearish.
***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH***
***TE BANDS ARE IN RED ZONE***
If the price closes above 90 level, the next resistance is 112 and then 130 on the hourly chart.
KEEP AN EYE!!
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