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Crompton Greaves

Discussion in 'Technical Analysis' started by srspriya06, Mar 6, 2014.

  1. srspriya06

    srspriya06 Active Member

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    Today its a breakout in this stock. If it closes above 136 then its a buy for target 180 and sl of 125
     
    srspriya06, Mar 6, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes nice breakout and perfect levels.
     
    shabbir, Mar 6, 2014
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  3. shwetagnema

    shwetagnema Active Member

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    i agree with break out, but i want to know how SL came to be 125
     
    shwetagnema, Mar 7, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Thats the low on 28th of Feb
     
    shabbir, Mar 7, 2014
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  5. srspriya06

    srspriya06 Active Member

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    Inverse head n shoulder has also formed in this chart. Its neckline breakout i took as stop loss. Shabbir if its wrong pls correct me. I attached the chart . check it
     

    Attached Files:

    srspriya06, Mar 7, 2014
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  6. shwetagnema

    shwetagnema Active Member

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    ok thanks shabbir, priya
     
    shwetagnema, Mar 7, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Absolutely
     
    shabbir, Mar 7, 2014
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  8. srspriya06

    srspriya06 Active Member

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    Hi Shabbir and Forum members. Crompton greaves has formed "Tweezers" bearish candles. I think trend reversal is going to occur in this stock.... Whats ur views:pleased:




    CROMPGREAV_Daily_18-03-2014.jpg
     
    srspriya06, Mar 18, 2014
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  9. shabbir

    shabbir Administrator Staff Member

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    I don't use Tweezers.
     
    shabbir, Mar 20, 2014
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  10. srspriya06

    srspriya06 Active Member

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    Another breakout from strong resistance @ 170. Today if it closes above this level then its a buy @ 175 for the target of 220 and the stoploss of 150.
     
    srspriya06, Apr 10, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    170 or 165?
     
    shabbir, Apr 10, 2014
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  12. srspriya06

    srspriya06 Active Member

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    Breakout @ 170. I will attach the chart. If it is wrong please correct me :pleased:

    CROMPGREAV_Daily_10-04-2014.jpg
     
    srspriya06, Apr 10, 2014
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  13. shabbir

    shabbir Administrator Staff Member

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    Yes you are right but that is in Jan 2012 and if we see 165 was hit recently and then small retrace and so it is more suitable than 170+
     
    shabbir, Apr 10, 2014
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  14. srspriya06

    srspriya06 Active Member

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    Thank You Shabbir. The reason why i preferred 170 as breakout is because for the past 2 years 170 was not crossed and it forms a strong resistance. But today it has been broken from that. That is why i choosed 170 as breakout.
     
    srspriya06, Apr 10, 2014
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  15. shabbir

    shabbir Administrator Staff Member

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    Completely fine.
     
    shabbir, Apr 10, 2014
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