Greaves cotton breakout of descending triangle looks good 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.
Greavescottonltd
Greaves cotton starting to look strong again. 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 stake and decline in net profit. Positive aspects of the company are Zero promoter pledge, Low debt and EPS Growth.
Entry can be taken after closing above 146. Targets in the stock will be 155. The long-term target in the stock will be 164+. Stop loss in the stock should be maintained at Closing below 132.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Greaves Cotton - Technical AnalysisI 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 other engines. CMP of such stock is INR 133 as on 13-04-2023. One can buy this stock for a long term with a stop loss of INR 110. Stock is having potential to reach up to INR 200. However, one can make his/her position based on own risk tolerance and financial capacity.
Greves Cotton Levels & Strategy for next few daysDear 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 trading skills and please do consult your financial advisor before trading.
Company is focusing on accelerating adoption of electric vehicles and transforming last mile mobility with clean transport solutions has strengthened their leadership position in this fast-growing electric auto market. Company posted net profit of 32.3 crore & net loss of Rs 23.3 crore. Stock has beaten 3 year revenue CAGR. Electric mobility segment posted highest ever quarterly profit.
Greaves Cotton, buy for short term trade.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
GREAVES COTTON :: BULLISHDATE: 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.