Buy above 320 TGT 430/650/900 sl below 220The stock is looking to come out of the consolidation after a long time with the volume at breakout point as well as support levels. EMA and other indicators are also indicating the same
CROMPGREAV
CROMPTON GREAVES - BOUCING OFF SUPPORTThe stock has been holding 387-393 levels for the past many weeks.
In yesterday's session it bounced off nicely from the support zone, and it looks like it is heading towards 447-450 levels in the coming trading sessions.
CROMPTON GREAVES - SHARK PATTERNThere is a Shark pattern formation on the weekly chart of Crompton Greaves.
The Stock has been holding the first Prz zone of the pattern for the past many weeks.
There are many ways Shark pattern can be traded, I am sharing the easiest method that I follow mostly
One can Enter a limit order to buy between the 88% and 113% retracement levels. (looks for positive price action for confirmation)
1st Prz : 370-383
2nd Prz : 330-332
Stop loss at the 127% extension of the XC leg.
SL below 310 levels
Type of trade : positional
Disclaimer : Trade at your own risk.
