Buy Crompton Greaves, says Sukhani

Published on Mon, Feb 13, 2012 at 18:23 |  Source : CNBC-TV18

Updated at Mon, Feb 13, 2012 at 18:49  

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani, s2analytics.com advice traders to buy Crompton Greaves .

Sukhani told CNBC-TV18, " Chambal Fertilisers is a very difficult stock to trade but at current levels if we see further gains tomorrow, there is a suggestion that it is breaking out of a long trading range. So position trades can be taken in it tomorrow. It is not a day trade but you can then start building positions in that."

He further added, "Crompton Greaves, I have suggested a buy in the morning. It is gratifying to see it do the right things. Crompton Greaves has come out of a major turning point, a reversal pattern that's fairly bullish. The stock now is a buy on every dip. At some point it will face lot of resistance but that point has not come so every time it corrects, it consolidates. Traders should go and buy it."

  

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