Will this zone act as support or its a false breakout ?The timeframe for this chart is 1hr. As we Know that whole textile sector is on bull run so is this stock. we can see that it broke the zone with high volumes if it is able to sustain this level after retesting then we can still see a upward trend in this stock for the levels of 180-185 with sl of 149.5
Trade ideas
Breakout from Triangle patternGreaves has been trading close to 200 EMA ( very important MA) or just above it...and it has also BO'd from triangle pattern today...if it opens with GOOD VOLUMES, the following day then i would take a position. Just FYI It has been falling for some time now, and then started consolidating, and BO'd today. Targets market. Trade at your own risk. This is just an idea.
FY21-22 Swing Trade Idea #193: Long on GREAVESCOT This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.






















