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Greaves Cotton: Swing long

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GREAVES COTTON LTD (NSE:GREAVESCOT)  
DebasisT  
NSE:GREAVESCOT   GREAVES COTTON LTD
Trend Analysis Harmonic Patterns Chart Patterns
3
0
trendanalysis harmonicpatterns chartpattern

  • Gave a breakout of the down trendline and successfully retested with a bullish pin-bar candle.
  • Continuously attempting for a breakout of 170 levels which happens to be a heavy supply area.
  • Momentum a bit mixed up.

  • This can be a risky bet, but if price successfully breaks out the supply zone expecting a min target of 20%

Note: This is just for analysis purpose, please do your own research before punching any orders.

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