Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Greaves Cotton Limited is currently trading at 181.70, positioned just below its recent 52-week high. The presence of bullish patterns such as the Morning Star and Bullish Engulfing indicates positive momentum in the stock. The RSI is showing a healthy reading, suggesting that the stock is neither overbought nor oversold, while the MACD is in a bullish crossover phase, further supporting upward movement. Key resistance is noted around 184, with a robust support level at approximately 175. The ADX is moderate, indicating a developing trend, so traders should watch for potential breakouts. The inside candle pattern also signals consolidation, which could lead to a significant price move. Overall, the technical indicators suggest a cautiously optimistic outlook for Greaves Cotton.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana