10 MONTHS WEEKLY CONSOLIDATION BROKEN

2022년 7월 27일

Why Bullish ?

Reasons :
1 . As Shown In The Link Shared - 10 Months Consolidation In A Certain Pattern Has Been Broken With Marubozu Candle.

2 . At The Same Time Rsi Pattern Has Also Been Broken - Giving Confirmation For The Strength Of This Trendy Marubozu Candle.

3 . A Week Older Positive News -(( Crompton Greaves Consumer Electricals (Crompton, Bom:539876) Raised 3.25 Billion Indian Rupees ($41 Million) Through The Issuance Of Bonds On A Private Placement Basis, According To A Tuesday Filing.))

4 . Last But Not The Least - Stock Market And Global Market Sentiment Has Gone Bullish At The Same Time - Which Is Backing The Overall Story.

Best entry might generate after the retest at around 370.

Retest is done as said in previous analysis - kindly have a look at previous analysis - in.tradingview.com/chart/CROMPTON/VTt7py7J-10-MONTHS-WEEKLY-CONSOLIDATION-BROKEN/

Exit Positions Have Been Marked But Most Probabily It Will Hit All Time High Atleast - After This Long Consolidation.


Kindly Comment If Anyone Found This Information Helpful Or Anyone Who Takes Position After Reading This Article.

Thankyou.