Friday, March 15, 2013

CROMPTON GREAVES LTD 15 MARCH

It is 8 yrs weekly showing different supports (Green) and resistances (Red).
It is also showing a bearish divergence for current level.

Now it is 6 months daily showing previous H&S and now reverse H&S.

Strategy:
If it shows any white candle now and closes above the previous level. Then it will confirm the reverse H&S.
So purchase it after confirmation. Confirm by watching its performance on the next day of white candle. If it will close above the previous level then purchase it.

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