Crompton Greaves@ Something was said on 5th Nov 2012

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This's what we posted for Crompton Greaves on 5th Nov 2012@

Technicals@ Crompton Greaves@ The stock got excellent support in the region of 108/106 where it could take support & bounce upto R1- 116, R2- 119/120. Further it gets strong only above 121 where it could see level of upto 130/132.

Only below 106 or closing below 106 it becomes very weak where on the downside it could see level of upto 96 & 86.

We have given both side levels so trade accordingly.

Closing Price on 5th Nov 2012@ Rs 112.6

What happended then@ 

1. On 10th Nov 2012 Crompton made low of 108.65
2. On 5th Dec 2012 Crompton hits 121....Return generated 11%
3. On 5th Feb 2013 it closed below 106 for the first time
4. On 10th April 2013 it made low of 87.20
5. Today Crompton hits 107

We gave just One single view which covered the entire movement for Crompton Greaves.