Greaves Cotton Ltd #GREAVESCOT GREAVESCOT CMP: 145.35 Target: 170++ May hold above 170 Stop Loss: 127 Time Frame: Approximately 3 months.
Factors: Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming The stock has potential to go beyond 200 in longer time.
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