Crompton Charts AnalysisScript: Crompton Greaves Consumer Electricals Ltd.
Sector :- Capital Goods - Electrical Equipment
Industry :-Electrical Equipment
Crompton
CROMPTON~ long, Targets 445 & 500+ CROMPTON break trend Line
CROMPTON ~ wave 2 still running after done maybe we can see higher high level
Wave -3 Targets 340-370
Cpm - 387
Wave -2 Range (370-390)
Invalidation level~ 350
Swing trades
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.
#CROMPTON BUY POSSIBLE
#CROMPTON last trading session formed bullish patern,
yesterday trading higher level when if down our retracement 356-380,
we can buy around 380 and tgt 416-429-454 and follow sl 355 closing basis.
Crompton Greaves - An investment opportunityCrompton Greaves Consumer Electricals Ltd
Sector: Capital Goods - Electrical Equipment
Industry: Electric Equipment
Market Capitalization(Rs. Cr.): 25708.60
52 Week High: 512.8
52 Week Low: 350.35
Stock P/E: 39.19
Sector P/E: 56.57
Debt/Equity: 0.17
Net profit June quarter(Rs. Cr.): 93
Net profit September quarter(Rs. Cr.): 178
Net profit December quarter(Rs. Cr.): 148
Net profit April 2020-March 2021(Rs. Cr.): 605
Net profit April 2021-Till date(Rs. Cr.): 658
Resistance: 434-452-479
Support: 391-378-354
EMA 9 = 394.44
EMA 20 = 401.40
EMA 50 = 416.95
EMA 100 = 429.08
VOL = 8.36M
Read the chart carefully for trading purposes
CROMPTON DAILYHIGHER HIGHS HIGHER LOWS PATTERN IN THE MAKING.
MIGHT REACH 400 FOLLOWED BY 420.
CLOSE BELOW 365 CAN TRIGGER DOWNWARD TREND
Crompton Greaves Looks Weak before Quartly ResultsAs per the obersavtions, I believe this one is going downside as there is weak demand and high supply,
1. Lower High Lower Lows
2. Breakout of Upward Channel and Trend Line
3. RSI Divergence
4. Elliott 5 Wave Completion
The above reasons suggest a sell to this one.
Risk Reward Agreeable.
Stay Long, Stay Safe
