powerfulpicks call update: On July 27th, I had written:"Crompton Greaves (was at 274 at that time) is truly a very respectable company and they have overcome slowness due to export situation to Europe by intelligent overheard reduction and cost control. They may have much better demand from Indian market in 2nd half of 2010. Buy on dips, starting at 283...for the price target of 336, a 19% profit target in next 6 months"
CG could not overcome its resistance at 313 and seems to be drifting down. Short term investors may consider booking profits. Long term investors may hold on till the target.
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