Crompton Greaves Ltd
Crompton Greaves Ltd had a wonderful rally and then a correction till 200 DMA. Waves structure is given in weekly chart.
On Daily chart, RSI made a positive divergence and stock is moving in a downward channel. One can buy the stock now @ CMP for a target on upper side of the channel @ 200 levels. Breaking out of this channel stock may retest the golden ration at 209 - 210.
Crompton Greaves Ltd had a wonderful rally and then a correction till 200 DMA. Waves structure is given in weekly chart.
On Daily chart, RSI made a positive divergence and stock is moving in a downward channel. One can buy the stock now @ CMP for a target on upper side of the channel @ 200 levels. Breaking out of this channel stock may retest the golden ration at 209 - 210.
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