Buzzing stocks-CROMPGREAV remain buy and accumulate above 76.5

Crompton Greaves Ltd stock technical analysis 8th November Crompton Greaves Ltd stock technical analysis 8th November Crompton Greaves Ltd stock is trading at 81.8 with loss of almost 5%. Sock is top loser in F&O segment. Technically CROMPGREAV stock is in uptrend and we saw breakout around 76.5 level and stock achieved its swing targets of 80-82 and 86 while missed last super bullish target of 89. Stock is correcting after last sessions strong rally. Above 76.5 stock will remain bullish and buy on dips for short terms. On upside 83, 86 and 89 still targets with stop loss below 79. Who brought stock lower level must trail stop loss below 79 for same targets. Sock future traders can use 81 level to enter long with stop loss below 79 and expect short term target at 83 and then 86. Last super bullish trend target will be 89. Below 79 expect stock to correct and possibly go into downtrend and show levels of 76 and 73. Stock option traders can use CROMPGREAV 85 call options as buy on decline with stop loss for target 4 to 5. Today it corrected above 4 to near 2 rupee premium. CROMPGREAV weekly chart showing, above 83, stock will head towards target of 113 which is expected in medium terms.

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Pramod Baviskar

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