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/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.