Crompton Greaves has support at Rs 185-190: Jai Bala

Crompton Greaves has support at Rs 185-190, says Jai Bala, Chief Market Technician, Cashthechaos.com.

Bala told CNBC-TV18, "I have been closely tracking Crompton Greaves. Several months ago Crompton Greaves had been forming lower tops and lower bottoms and I had mentioned on this report that it was meant to go down Rs 200 sub before it is Rs 360, that is what is exactly happening in the stock and it could find supports somewhere closer to Rs 185-190. And I think there will be a counter turned rally once the stock hits those levels. You might even see an intraday bounce coming closer to Rs 205 but the main support is about Rs 185-190."