Thread: Crompton Greaves

I bought Crompton Greaves at 175.90 about 10 mins ago. What do you guys think about this trade? I intend to sell it within this week when I get a good price something above 183 or in that sort of range.

Results were not too bad and should not have brought down the price by 15% is what I believe.

What does it look like to you? Am I going to loose money on this one?

I am not a trader and don't do this very often but this 15% fall was too tempting for me to resist.

I sold off at 183.20 and bought again at 173.2

Total realized profit Rs 7.3 per share and Unrealized profit Rs 8.10 per share at closing price of 181.3 and I might flip it once again tomorrow if it looks like there would be another dip or else I am going to hold it for a price of Rs207-210

I have a stop loss of 171.

Is any one else risking their money on this counter?

I sold at 182.50 and that was it with crompton greaves. I will look at buying for long term near 160-165 Rs