Friday, June 11, 2010

Buy Compton Greaves with a target of 265/280

Crompton Greaves has been in a long term uptrend since June 2009. Recently from past 6 weeks it has consolidated and touched its long term trendline at 230. It resumed its upmove again and broken out of the tiangular formation. It can touch 265, and if that holds then 280.

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