Crompton Greaves - much to grieve about!

The NIFTY opened quite strong above 4900 but gave to the gains after middle session to close almost near the opening. Market players are settling trades intraday and it seems the most heavyweights are under pressure. Keep an eye on sub-4800 close...

Among the stocks which has recently re-tested their previous (2008) highs is Crompton Greaves.



The scrip has got resistance from the 2008 high and is since falling. At the current price of 400/- it is becoming weak. A monthly close (Feb) below 380 would give strong 'book profit' signal to investors.

Investors in this stock may book profit and wait for a down move towards 345-350 initially and then Rs 320/-

Happy Profit booking !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd. www.investogyan.com