Tuesday, December 4, 2012

Short term trading Idea : Buy Crompton Greaves


Crompton Greaves (Close 117.80) : Buy above 118 with stop loss of 115.75 for target of 127 and 133.

After hitting recent high of 141, the stock has retraced to lows of 109 levels, which is 50% retracement from the top. One can buy for a target of  at least 127 and 133.