23 Aug 2017 | 12:40 PM
Research Report
Weekly

Equity Research Report: Master Pick-Crompton Greaves Ltd

Crompton Greaves is an engineering conglomerate with a diverse portfolio of products, solutions and services ranging from high-end power and industrial equipments and solutions, to consumer products and home appliances.
15 May 2015 | 06:00 PM

For last three quarters, it was trading with declining bias and retraced to its major support zone of 200 EMA on weekly chart. It has formed a base above that support mark and recently witnessed an upside breakout from the declining trendline as well. So, participants’ can initiate fresh long trades in the given range of 168-172 with close below stop loss of 162 for the target of 195.