Greaves Cotton : Near ATH & Multiyear Breakout Level
Greaves looks good to move up..it has broken out of the triangle pattern with ok volumes..now if it crosses the important RESISTANCE LEVEL of 156 it could scale 170 also...this is an idea. Please do your own research. Cheers.
greaves cotton given breakout on day chart ...and gave closing at weekly resistance
Seems like it's taking a bounce from the dynamic support zone.. previously it respected the support line 3 times...and the rsi seems to be rising too...in Heiken ashi...it clearly shows a buy signal...and the stock is approaching to all time high...so there is a chance there might be a breakout to the upward direction breaking the dynamic resistance...even within...
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.
Greaves Cotton Limited commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of many years impacting a million lives every day. Greaves is a market leader in fuel-agnostic powertrain solutions and manufactures Cleantech powertrains for CNG, Petrol, and Diesel segments. Greaves Cotton...
Bullish Pennant Pattern formation on Greaves cotton Daily chart. I am showing two levels of support and one Resistance level. I see two entry positions based on where the stock is heading in the near future. Stock Heading Up: The resistance is the downward trend line. Check for strength (increased volume, good candle formations) if it breaks the trend line and...
stock has been in consolidation phase before corona period, due to corona it went down , now it is regaining its position . above 160 big move is expected. heavy volume is supporting the trend
GreavesCotton - Lots of promise but hardly delivers. took years to cross 90-105 range and it 105-135-150 was the range in which it remained for 5 years. COVID crash and several attempts to cross the 90+ barrier. Bullish only above 105 on monthly close. DISC: Not a SEBI Registered. I post charts for my own study.
Greaves Cotton Currently Trading Near 88. 90-91 Zone is the Strong Resistance and Closing Above this level will Trigger a Big Move leads to first target of Rs. 125 and then Rs. 150. Stop Loss is 78 on Closing Basis
Relative Volume has increased. Profit Target : 145 INR