Greaves Cotton on the Rise: Bullish Breakout/Profit-Taking Ahead

Key Observations:
Price Zones:
The chart marks distinct price zones: 75-50, 50-25, and 25-0 (suggesting progressive support and resistance levels).
Each zone shows a corresponding price increase with increasing volumes.

Trend Analysis:
Uptrend Continuation: The green candlestick dominance and price consolidation in each box imply a steady accumulation phase before breakout.
Volume Correlation: The volume surges during price breakouts, validating strong buying interest.
A projected price target of ₹319.15 suggests a bullish outlook.

Exponential Moving Average (EMA):
The stock price remains consistently above the EMA lines (green and red curves), signaling a bullish momentum.
The convergence and divergence between the EMA lines act as entry and exit signals.

Volume Data:
Significant increases in trading volume align with each breakout.
The highest volume surge is seen in the 75-50 to 50-25 transition, indicating institutional buying.

Recommendations:
For Long-Term Investors:
Hold or add more on dips near ₹260-₹270, as the stock shows signs of a robust breakout.
Consider trailing stop-loss around ₹240 to safeguard gains while retaining upside potential.

For Swing Traders:
Watch for any retracement near ₹275 to enter positions targeting ₹319+.
A break below ₹250 could trigger short-term bearish sentiment—manage risks accordingly.

For Intraday Traders:
High-volume zones near ₹280 and above could serve as scalping opportunities.
Trade cautiously near resistance levels ₹300-₹319.

Probability Assessment:

Bullish Scenario:
70% probability of price hitting the ₹319.15 target within the short term (if supported by high volume and broader market sentiment).

Bearish Scenario:
30% probability of pullback toward ₹240 in case of profit booking or weak broader market cues.

Disclaimer: This is intended solely for study and analysis purposes and should not be considered as investment advice.