MTF Positional Pick Recommendation: Crompton Greaves Consumer Electricals

Vinay Rajani, Technical Research Analyst of HDFC Securities, recommends Buy on Crompton Greaves Consumer Electricals. This recommendation is for MTF Positional Pick.  Recommendation date: 26^th May, 2025. Time Horizon: up to 45 days. Buy Price: 355.35. Add on Dips: 339. Stop Loss: 333. Target Price : 380, 391.

Rationale for recommendation

• On week ended 16th May 2025, stock broke out from downward sloping trend line on the weekly chart
• Price rise was accompanied by jump in volumes
• Stock price has been sustaining above 50 DEMA resistance
• Weekly RSI has reached above 50, indicating sustainable up trend
• Weekly MACD is now placed above signal line

Disclaimer: This is for informational purpose only. The recommendation is of general nature and does not consider risk appetite or specific circumstances of an investor. Please do not make any investment decision based solely on this recommendation.

Source: HDFC Securities Prime Research