Sell Crompton Greaves, says Shardul Kulkarni

Sell Crompton Greaves, says Shardul Kulkarni, Sr Technical Analyst of Angel Broking.

Kulkarni told CNBC-TV18, "Sell Crompton Greaves. What we are seeing in this particular counter is that the stock is basically in a strong downtrend and has given us an adequate bounce to say that yes a decent 5 way upmove is over, we would expect some bit of profit booking incase of this particular stock. So we would recommend selling the SEPT Futures for Crompton Greaves below the levels of Rs 159. Once the stock moves below Rs 159 we would expect a target price of Rs 148 stop loss should be placed at Rs 163.