1. Level Analysis
Current Price: 249.36
50 DEMA (Entry Trigger): The chart labels the 249.36 area as "50 DEMA (Entry Above)". Today's price action is sitting exactly on this trigger point.
20 DEMA (Support/SL): Marked at 246.36. This serves as the immediate "floor" for the current bullish move.
200 DEMA (Major Resistance): Sitting higher at 277.24. This is the ultimate "gravity" line that the stock is currently trading below, indicating a long-term bearish trend that hasn't been fully broken yet.
2. Trade Projection (Swing Setup)
This projection assumes a "Long" bias based on the recent recovery from the 224-230 support zone.
3. Projected Price Path
Phase 1 (The Breakout): If the price stays above 250 for the next session, expect a quick move toward the 260 handle as short-sellers cover their positions.
Phase 2 (The Test): Around 263.30, expect some consolidation. This was a previous rejection point in March.
Phase 3 (The Trend Shift): A successful breach of 265 would set the stage for a rally toward the 277 (200 DEMA). Reaching this level would officially shift the medium-term outlook from Bearish to Neutral-Positive.
Warning: If the stock fails to close above 250 and slips back below 241, the "V-shape" recovery will likely fail, and the stock may retest the 230 support level.
Solar Business Momentum
Crompton is gaining significant traction in the renewable space:
Market Share: The company has gained market share in the pump segment, specifically reporting 2x growth in solar pumps.
Order Book: It recently secured a major ₹52 crore solar rooftop order, marking a strategic entry into a large growing sector. 1
Catalyst,Impact on Stock,Status
Summer Demand High - IMD's forecast for a hot summer is a massive tailwind for fans and air coolers.
Diversification,Medium-High - Entry into wires and mobile accessories reduces reliance on seasonal fans.
Valuation,Positive, - "Trading at a discount compared to historical highs, attracting ""value"" buyers."
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Current Price: 249.36
50 DEMA (Entry Trigger): The chart labels the 249.36 area as "50 DEMA (Entry Above)". Today's price action is sitting exactly on this trigger point.
20 DEMA (Support/SL): Marked at 246.36. This serves as the immediate "floor" for the current bullish move.
200 DEMA (Major Resistance): Sitting higher at 277.24. This is the ultimate "gravity" line that the stock is currently trading below, indicating a long-term bearish trend that hasn't been fully broken yet.
2. Trade Projection (Swing Setup)
This projection assumes a "Long" bias based on the recent recovery from the 224-230 support zone.
3. Projected Price Path
Phase 1 (The Breakout): If the price stays above 250 for the next session, expect a quick move toward the 260 handle as short-sellers cover their positions.
Phase 2 (The Test): Around 263.30, expect some consolidation. This was a previous rejection point in March.
Phase 3 (The Trend Shift): A successful breach of 265 would set the stage for a rally toward the 277 (200 DEMA). Reaching this level would officially shift the medium-term outlook from Bearish to Neutral-Positive.
Warning: If the stock fails to close above 250 and slips back below 241, the "V-shape" recovery will likely fail, and the stock may retest the 230 support level.
Solar Business Momentum
Crompton is gaining significant traction in the renewable space:
Market Share: The company has gained market share in the pump segment, specifically reporting 2x growth in solar pumps.
Order Book: It recently secured a major ₹52 crore solar rooftop order, marking a strategic entry into a large growing sector. 1
Catalyst,Impact on Stock,Status
Summer Demand High - IMD's forecast for a hot summer is a massive tailwind for fans and air coolers.
Diversification,Medium-High - Entry into wires and mobile accessories reduces reliance on seasonal fans.
Valuation,Positive, - "Trading at a discount compared to historical highs, attracting ""value"" buyers."
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.