greaves cotton looks good with support tested after testing support at 120 two times. If markets are bullish can reach first resistance according to triangular pattern. only investment script not suitable for intraday trading or even MTF holding. thank you.
Greaves Cotton Ltd.CMP 144.45 is an Indian conglomerate engineering company that manufactures Clean-tech Powertrain Solutions for petrol, diesel and CNG engines and heavy equipment. The company has taken strongly into E-Mobility business by launching its own range of Two wheelers. Negative aspects of the company are high valuations (Negative PE), MFs decreasing...
I have plotted chart of Greaves Cotton in monthly time frame. In longer period, we have observed that stock is continuously moving in range of INR 115-150 since Mid of 2014. Only due to covid crash, price went out off from the range. It is showing very long term consolidation. In long term, company has earned a good reputation in manufacturing EV vehicles and...
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
GREAVESCOT - Could see double Bottom Pattern Formed. Also could see the BO. It is expected to travel towards the target marked as the Market condition also favourable. Disc- only for Learning Purpose & not trading Recommendation.
On weekly charts, there is a clear indication of higher price and volumes than the previous weekly candle. The trend for the stock is still down. However the last green candle and higher volumes ,show good strength and may test the trendline at 160-165 levels. NSE:GREAVESCOT
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Greaves Cotton Ltd. is forming cup and handle pattern on 15 minute chart. Educational purpose only!
DATE: 19 MAY 2021 INSTRUMENT: GREAVES COTTON TREND: BUY TIME FRAME: day CMP: 135.45 BUY ABOVE: 138.50 STOP LOSS: 130 TGT 01: 150 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.