IGI Logo

* Crompton is among the consistent performer within the consumer electrical pack. In the last leg of the major upswing, it surged almost vertically from the low of 174 to a new record high of 512.8 in September 2021.

* After the sharp surge, it retraced to the major support zone of long term moving average(200 EMA) on the weekly chart and formed a reversal pattern. And, it finally witnessed a breakout from the same in July 2022 and currently forming a higher base while holding firmly above the support zone of major moving averages.

* All indications are in the favour of breakout soon. We thus recommend accumulating in the given range.

Buy Crompton Greaves Consumer Electricals  Ltd 401 CE@401-403, STOP LOSS 374, TARGET 450

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer