Crompton Greaves Consumer Electricals Ltd

NSE :CROMPTON   BSE :539876  Sector : Capital Goods – Electrical Equipment

On the daily chart, we can see that prices have formed a ‘V- bottom pattern’. Previously, Price dropped into a lower side with volume but then reversed with momentum increasing on the way higher. Now prices closed above the neckline of the pattern which indicates bullishness. As per the wave theory, stock completed wave 2 and will be moving higher in the form of wave 3. The Relative Strength Index (RSI) on the daily chart is 63.74 which shows the strength of the trend.

In a nutshell, the momentum on upside remains strong. one can initiate buy near current price and add more on dips around 390 levels which can take price towards 437 and then 480 levels as long as 379 remain intact on downside.

Check More Analysis on Crompton at: Crompton Greaves Consumer Electricals Ltd

Godrej Properties Ltd

NSE :GODREJPROP   BSE :533150  Sector : Realty

There is a clear impulse rise as shown on the weekly chart and the stock is currently moving in the form of wave 5. After taking a support and bouncing off from corrective wave 4, stock is trying to resume its up move again. In the daily time frame, Prices closed above 100 days Moving Average which is a sign of bullishness for the coming session.

Godrej Properties Ltd looks to be at a crucial juncture but with bullish up move expected. Now moving above 1410 levels will confirm the uptrend and open up gates for higher levels towards 1520. This outlook remains valid as long as 1345 is protected on downside.

Check More Analysis on GODREJPROP at: Godrej Properties Ltd