Buy Crompton Greaves for target of Rs 326-329: Religare

MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that Crompton Greaves has bounced back and would lead to Rs 326-329 levels.

“Crompton Greaves has been trading side ways for past four trading sessions. It has formed a multiple support and a “Rounding Bottom” pattern at Rs 306. It has bounced back and would lead to Rs 326-329. Maintain a stop-loss of Rs 314 for long position,” the report said.