Crompton Greaves may go below December lows, says Jai Bala of cashthechaos.com.
Bala told CNBC-TV18, "In Crompton Greaves I think the long-term correction is not over and the medium-term picture still looks bleak. There is a good possibility that it might go back slightly below the December lows and I think it has even small chance of clocking double-digits."
He further added, "If you see the stock print below Rs 130 today, I think its good shorting opportunity and you can place the stoploss slightly above Rs 145 and you can expect Rs 110-105 in the short-term."
