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Published on 9/09/2019 8:58:07 AM | Source: LKP Securities Ltd

Pick Of The Week : Crompton Greaves Consumer Electricals Ltd - LKP Securities

* Stock has given breakout from its rounding bottom formation with decent volume on daily chart

* On hourly chart stock also given small double bottom breakout hinting stock is all set to move northwards

* Positive divergence is witnessed in both the momentum indicator RSI and MACD

Recommendation

Buy Crompton Greaves Consumer Electricals Ltd @ 234 SL 224 TGT 248 CMP 234

 

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