GREAVESCOT trade ideas
Greaves Cotton Triangle BreakoutA good triangle breakout today with good volume .
A clear winner with bullish MACD .
Greaves Cotton Cup & Handle pattern.Greaves cotton has been sideways between 113-145 since 8-9 months.A close above trendline i.e. 149-150 should be watched.Again monthly MACD is in sell at present watch if it gets into buy on 31-07-2018.If MACD gets into buy mode it could be big trigger & stock could go new lifetime high & start bull run.
Greaves Cotton: Comes Across As a Re-Accumulation CandidateThe stock has been stuck in a trading range for almost 3-years now. The volume signature within this trading range indicates that major accumulation is underway in this stock. The price action in the past few weeks has been very constructive with volumes picking up along with momentum to the upside.
I am watching this stock with interest and would buy it either on a breakout above 140 (intra-day or 2-5 day trading horizon) or above 146.5 (for positional trades).
greaves cotton very strong setup .. strong base at 114 level . breakout of falling trendline can take stock to 180+ levels
#GREAVESCOT Divergence, followed by strong resistance breakoutDivergence, Positive Cross overs followed by Strong Resistance breakout.
R1 = 143
R2 = 150
S1 = 132
S2 = 127
GREAVES COTTON - A VALUE PICKAll details mentioned in Chart. A Value Pick with a Potential Upside of 20-30% .
Greaves Cotton - At Strong SupportGreaves Cotton appears to be at a point of strong previously proven support point. Also, the stochastic indicator shows a bullish cross over. Going long seems like the right thing to do.
MIdcap in correction giving breakout of falling wedge.Midcap greavescotton after making lifetime high in feb-march 2017 of 178 has been in correction since 7-8 months.On mahurat trading day pattern looks like breakout of falling wedge.Again this bounce has come from 200WEMA which makes its credible.MACD on weekly charts is oversold so this can be best opportunity for entering this script.Last 3 years strong support comes around 115-120.So this stock can be bought with stoploss of close below 115 with tgt of 160 in short term & can be hold for long term also from decent gain.
GREAVES COTTON: G....O for SWING, POSITIONAL, INVESTMENT....... Detailed mentioned on Chart.
DIWALI to DIWALI INVESTMENT.
LONG @ 129 - @ 133 range for Expected 30%+ Yearly return.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
GREAVES COTTON breaks out of 2.5 years of consolidationGREAVES COTTON entered into a rectangular consolidation in November 2014 after stupendous rally, then entered into a consolidation mode for 2.5 years. The breakout has happened with large volumes, followed by retracement and upward move again. Put a Stop Loss at 143 and go long for a target of 210
Greaves Cotton :: Poised to breakoutGreaves Cotton is on the verge of a breakout above 167 . Long Position can be considered with a Stop Loss of 162.5 and Targets of 168 and 178 . Will go much higher once crosses 178
GREAVESCOTPrice seems to be breaking out above 162, from a weekly consolidation zone. An interesting long setup here.
Will add longs on a smaller retracement day.
