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Published on 1/12/2020 2:52:33 PM | Source: LKP Securities Ltd

Trilogy For The Month - GHCL, Welspun Corp and Crompton Greaves Consumer​​​​​​​ By LKP Securities

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GHCL

* Stock has given an ascending triangle breakout on daily chart which is consider as bullish continuation pattern by nature

* Good volume activity is witnessed on daily chart at the time of breakout.

* Both momentum indicators RSI and MACD are ranging in positive territory.

Buy GHCL Ltd @ 178-180 CMP 178 TGT 198 SL 166 CB

 

WELSPUN CORP LTD

* Stock moved out of its strong consolidation area with good volume hinting all set to move northward

* Prices are well trading above ichimoku clouds showing immediate trend is good

* Both momentum indicator RSI and MACD are ranging in positive territory

Buy Welspun Corp Ltd @ 124-125.5 CMP 124 TGT 140 SL 116 CB

 

CROMPTON GREAVES CONSUMER

* Stock has given a rectangle breakout on daily chart also prices are trading in rising channel pattern

* Prices are trading strongly above ichimoku clouds on every big time frames showing strength of the trend

* Fresh crossover has seen in MACD

Buy Crompton Greaves Consumer Ltd @ 310-322 CMP 319 TGT 365 SL 300 CB

 

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