CREDITACCESS - at supportThe stock is trading near its previous support levels .
Rsi is also at 40 support,
If held, the stock might move towards 700- 800 levels in the coming weeks.
CREDITACC trade ideas
creditaccessCreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India. Its wide range of lending products addresses the critical needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans. It focuses predominantly on customers in Rural Areas in India, who largely lack access to the formal banking sector and present a latent opportunity for offering micro-loans. Its products are built on a deep understanding of the requirements of its customers (especially customers from Rural Areas) and the flexibility of products (in terms of ticket sizes, end-uses and repayment options) and the manner of their delivery differentiates it from its competitors and generates customer loyalty.
Credit Access Grameen ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
CREDITACC Swing trade idea #CREDITACC Swing buy between 655-660 for 700 as target with SL below 642. #swing #positional
Triangle pattern and BO?The stock has formed a triangle pattern in weekly TF and could have a break out...Targets marked as horizontal lines..If the markets are weak tomorrow there could be a breakdown also...but let's be optimistic
Expecting a good long story for this stock.The company with good growing potential. Less penetrated Business. A good bet for long term
CreditAccess Grameen Ltd BREAKOUT ABOVE @660 (ON 28-08-2020) CreditAccess Grameen Ltd BREAKOUT ABOVE @660 (ON 28-08-2020) WITH GOOD RISING VOLUMES
IT CAN TOUCH UPPER TRENDLINE
