Price is consolidating within a triangle. Can go long when price breaks the consolidation with volume. Buy above 154 with the stop loss of 148. Targets are 162, 170 and 178. Note : Consult your financial advisor before investing.
Greaves Cotton Ltd Cmp 176.60 Looks good for short term
Facing resistance last two days volume is also good
can expect good move in 3 to 6 months
Please do your own analysis before take a trade
GREAVES COTTON -- WEEKLY TRENDLINE BREAKOUT .
1, Greaves cotton seen weekly trendline breakout on chart
2. stock trading at upper channel , whereas support at lower level of upper channel seen around 150-155 level bullish pattern seen on chart now
3. stock trading near 200 HMA , above 200 HMA candle closing will be sharp upmove towards 200 level can be...
GREAVESCOTTON
1. A perfect time to grab this opportunity.
2. Potential rewards are 10-20-25%
3. All TGTs are depicted as a part of the Bearish Bat Pattern
Go Long above 152.05 for Targets of 173, 193.95, and 1839.2 with SL 131.1
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish...
Greaves cotton has a strong 14-month-old support zone from where it has taken support for the sixth time and is now testing its 4 year old S/R zone. If the stock gives a strong closing above this
zone, we can expect a further upmove.
Buy above 160 (day closing for positional, 5 minute closing for intraday) for intraday target of 1-2% and positional targets of 165....
NSE:GREAVESCOT
Cmp : 205.20
Target : 225/ 249/ 258
Stop Loss: Closing below 188
Risk Reward Ratio = 1:3
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