2024-07-25 10:39:06 am | Source: Religare Broking
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
Crompton Ltd
* With buoyancy in the consumption sector, CROMPTON is offering a fresh buying opportunity.
* The stock exhibits a robust price structure, with a clear uptrend observed since last 4 months.
* However, to digest the gains, it witnessed some time wise correction trading sideways while holding above its short term moving average.
* The price has recorded a fresh breakout from the same with noticeable surge in volumes.
* We expect price to continue its uptrend from hereon and hence longs can be created in the mentioned range.
Buy Crompton Ltd CMP 443 Range 440-443 SL 430 Target 465
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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