CROMPTON trade ideas
Crompton Greave Up Coming LevelsAs per my analysis, NSE:CROMPTON has been taken support on monthly 60% Fibonacci Retracement and not sustained above level of 295 which was daily time frame resistance. As per idea 307 is the best level to take positional buy entry with stop loss of 290 (-17 Points risk). My expected upside target would be 326 (+19) & 348 (+41). This could be low risk and high reward idea.
Note: This is my personal analysis, only to study stock market behavior. Thanks.
Trade_setup-One month range in CromptonThe stock is a good contender for a short term trade because it appears to be setting itself for breaking out of a month's range.
A simple yet effective setup. A entry is made when the stock closes above the range's upper boundary with good volumes.
It is to be noted that the stock also has given a successful wedge breakout on Nov.16.
Note*- Please do your own analysis/research for any stock in which you wish to trade.
Crompton - Elliott Wave CountCrompton - Elliott Wave Count
Crompton seems to have completed its correction and started a new upward impulse wave with a target of 350. However, if the market drops below 270, this view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:CROMPTON NSE:CROMPTON1! BSE:CGCL1! BSE:CROMPTON
Crompton Greaves a mid to long term investementAlthough in a larger uptrend, it is in a corrective phase, I am initiating long positions at this level and below and my target is 600+....It is at a critical level and hopefully bull trend should continue, but the channel has been slightly breached to the downside....Don't invest more than 5-10% of your capital in this stock....all the best and happy investing
#CROMPTON BUY 316 TGT 390 by Rachit SethiaCROMPTON 316
TP: 390
SL: 290
< 6 Months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
CROMPTON Short-term investingWizard Levels/Zones
CROMPTON Important levels for short-term investing
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
CROMPTOM GREAVES - Out of downward channelCrompton Greaves came out of downward channel after 252 days and is currently above a crucial resistance level. I am expecting it to move up from here.
Targets are marked starting from 312 / 311 / 370 / 410.
Closing below 295 can again lead to downward movement.
PS: Its for educational purpose only
Formation of BULLISH FLAG PATTERN🚀🚩Hi guys, CG consumer is forming a flag pattern so your question will so what's the plan..??
->Firstly what we can do is to ride the stock till resistance
-> Secondly we can wait for a proper breakout which is a perfect sign of bullishness
-> Third scenario is we have to ride till resistance then wait for breakout if it happens then it's big profitable situation for us but don't think that because it's stock market don't let the emotion of GREED to takeover your mind. The another think which may happen it will again go down and then it may give breakout. So this are the situation or options which is there and now the SL will below support line which is SL=194-195.