Diamond Bottom Pattern in CreditAccess GrameenThis pattern is not a common but has a good strike rate if correctly identified. The breakout level is close 1020 and projected target is above 1500.
Creditaccessgrameen
CreditAccess Grameen Ltd Heading for 2200Current Price: ₹1,264.00 (as of Sep 17, 2024).
Target - 2200
Stop Loss below 1140
Sector: Microfinance, serving the underbanked population with a focus on rural areas.
Revenue Growth: The company has demonstrated strong top-line growth in recent years, owing to increased loan disbursements and a rising customer base.
Profitability: With a focus on expanding its rural reach, the company has shown stable profitability metrics.
Loan Book: CreditAccess Grameen’s loan book has expanded considerably, reflecting high demand for micro-loans in India.
Risk: Operating in the microfinance sector poses risks, including potential defaults in periods of economic stress, but the company's risk management strategy has proven resilient.
Growth Potential: Given the rising focus on financial inclusion in India, the company is well-positioned for long-term growth.
Credit Access at Strong SupportThe Strongest stock in one of India's fastest growing sectors has fallen to very strong support.
The fundamentals of the sector were hurt due to lengthy high interest rates, which are soon to witness the much favorable downturn.
Company fundamentals are still intact though and it is the leader in small finance industry.
This idea is to spread awareness and should not be considered as basis of any financial commitment. DO YOUR OWN RESEARCH BEFORE TRADING/INVESTING.
CREDITACC Positional Buy IdeaNSE:CREDITACC is consolidating for very long time. My idea is to take entry at the level of 915 with stop loss of 845 (-70 Points).
Can hold till targets of 1000 (+85 Points), 1030 (+115 Points) & 1170 (+255 Points). This could be very high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
CREDIT ACCESS GRAMEEN LTD VIEW for TomorrowIntraday view for Credit access grameen ltd for tomorrow
Resistance area 1035-1040
Considering above for a buying opportunity
with strict sl and risk reward consider
1005 area is having a support.. below that fall expectation
Considering above for a buying opportunity
with strict sl and risk reward consider
STOCK ANALYSIS CREDIT ACCESS GRAMEENlevel to watch: above 1000
Target: open
Sl: Below 983 on closing basis daily time frame
Horizon: one month
our view only no recommendations Watch video for detailed analysis.
Regards.
Credit Access Grameen BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Credit Access Grameen BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Credit Access Grameen ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
