Greaves Cotton since it's Double-Top formation has been in a downtrend. A key support level has become a resistance zone, which it's been trying to BreakOut few times. The stock has been forming Higher Lows for a while now. Few attempts to BreakOut has been futile. The recent BreakOut attempts been with huge volume spikes. Short-term EMAs are in positive cross-over state.
If it's able to BreakOut then the possible upside target is around 244. If not, we can expect the stock to go down to 198 levels.
Keep monitoring.
If it's able to BreakOut then the possible upside target is around 244. If not, we can expect the stock to go down to 198 levels.
Keep monitoring.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Pernyataan Penyangkalan
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.