The daily candlestick chart of Crompton shows that it is facing resistance from thetrendline in pink. However it is holding on Rs.245 on the downside; hence the risk islimited. High risk traders can gradually buy in declines around Rs.246-249with a strict stop loss below Rs.239 (preferably in close) for a pullback toRs.262-271 which if sustained Rs.279-284 in the next 2-3 weeks.
* It’s an anticipatory buy; avoid gap openings and trade in cash in smallquantities.
=========================================================Mysore Cem Buy CMP: 37.60 Tgt: 41-43
The daily candlestick chart of Mysore Cem shows a bullish candle on high volumes. Itis taking support from the trendline in blue while resistance line in pink if decisivelycrossed could see fresh up move. One can buy in small quantities at currentlevels as well as in declines around Rs.36 with a strict trading stop lossbelow Rs.34.60 in close for a target of Rs.41-43 in the next 7-8 tradingsessions which if sustained Rs.45-46 in the coming 2-3 weeks.
* Avoid gap openings and trade in cash in small quantities.
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