AnandRathi assigns 'buy' to Crompton Greaves; target Rs 320
AnandRathi has a 'buy' call on Crompton Greaves around the current price for target price of Rs 320 and a stop loss of Rs 220.
By ET Online |
MUMBAI: AnandRathi has a ���buy��� call on Crompton Greaves around the current price for target price of Rs 320 and a stop loss of Rs 220.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 230.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 320 level then it can even touch Rs 350 levels.
Crompton Greaves, after a descent consolidation exhibits a trend reversal in the counter, rise in RSI from over sold zone indicates a medium term buy in the counter.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 230.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 320 level then it can even touch Rs 350 levels.
Crompton Greaves, after a descent consolidation exhibits a trend reversal in the counter, rise in RSI from over sold zone indicates a medium term buy in the counter.
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