Technical view by Nooresh

Crompton Greaves – Investment and Trading Idea for next few months








Crompton Greaves – Buy at current levels and on dips with a medium to long term view. In the short term a close above 116 will be positive for the stock.


Disclosure: Have recommended investment position.

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 4 comments… add one }
  • gkb June 7, 2012, 21:17

    can u explain the rational behind the targets and stop loss. i mean is it sum pattern breakout , sum trading strategy ?

  • vritika June 8, 2012, 13:03

    sir, you were expecting rally in june ,what is the target for nifty.

  • Joey June 10, 2012, 17:13

    It is an excellent pick, imho. The long term trend line would act as a strong support. And in the second chart, the channeled down move has already reversed to upside at the swing low before the formation of the channel. Actually an attempt to break down failed, this sort of failures lead to strong reversals.


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