Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
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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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SEBI Registration number is INZ000174330
