Crompton Greaves Consumer Electricals Limited (CROMPTON) Stock - Complete Technical Analysis - Sep 06, 2024

Crompton Greaves Stock Analysis: Bullish Trends

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.

Technical Analysis of Crompton Greaves Consumer Electricals Limited (CROMPTON):

Crompton Greaves Consumer Electricals Limited (CROMPTON) is currently trading at 463. The stock is 4.26% below its 52-week high of 484, achieved on September 2, 2024, and 77.38% above its 52-week low of 261.25, recorded on March 22, 2024.

Support and Resistance Levels:

Immediate Support: Around 434.4 (Classic Pivot S1) and 458.46 (Volume Weighted Moving Average).

Immediate Resistance: Near 500.35 (Classic Pivot R1) and 523.65 (Classic Pivot R2).

Technical Indicators:

MACD: The MACD line is above the signal line, indicating bullish momentum.

RSI: The Relative Strength Index is at 55.72, suggesting the stock is in a neutral to slightly bullish phase.

ADX: The Average Directional Index is at 25.37, showing a trend is in place but not very strong.

Stochastic Oscillator: The Stochastic %K is at 58.69, pointing towards potential overbought conditions. The Stochastic RSI is lower at 11.49, signaling possible oversold conditions.

Moving Averages:

Short-Term: The 10-day EMA (464.79) and SMA (467.42) are above the current price, acting as potential resistance levels.

Medium-Term: The 20-day EMA (458.62) and SMA (457.14) are close to the current price, providing support.

Long-Term: The 50-day EMA (439.64) and SMA (440.03) suggest a longer-term support, while the 200-day EMA (372.19) and SMA (348.85) indicate overall bullish long-term sentiment.

Chart Patterns and Observations:

Volume Weighted Moving Average (VWMA): The VWMA at 458.46 supports the current price level.

ATR: The Average True Range indicates increasing volatility, with recent values ranging from 46.51 to 72.18.

Ichimoku Base Line: The Base Line at 449.52 provides additional support, reinforcing the overall support level near the current price.

Overall, the stock is showing a generally bullish trend with strong support levels near 434.4 and resistance around 500.35. Investors should watch for any breakouts above resistance or breakdowns below support for potential trading opportunities.