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.
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.