Sudarshan Sukhani of s2analytics.com shares his view on Crompton Greaves .
Sukhani told CNBC-TV18, " RCF has a fairly good chart. What RCF is doing as Chambal is doing, as most of the fertilizer stocks are doing, they are now pushing against their significant resistance levels. For RCF that resistance came across yesterday at Rs 72. It closed at Rs 72, so any further move is a breakout of a fairly intermediate nature.That may come today, that may come tomorrow or may not come, but traders should be positioned to take advantage of a breakout because that tells us that much more upside is coming and this is something that's happening in most fertilizer stocks."
He further added, "Crompton Greaves keeps on coming in our buy list again and again. I think that good run is going to continue. Once a stock builds a base, gives a very decent reversal pattern and it tells us that it's going into an uptrend that uptrend doesn't stop immediately. So yesterday's gains in Crompton Greaves should be built upon and even in a choppy market today you should see the stocks getting more traction on the upside."
