Crompton Greaves can head to Rs 205-207: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "There was a time when Crompton Greaves used to oscillate between Rs 205 on the upside and Rs 193 on the downside. Now that it has come to Rs 193 with so much of momentum, it has headed for Rs 205 -207 kind of range. Have kept a first target of Rs 203 and the second target of Rs 207 and put a stop loss below Rs 189 because if this momentum is anything to go by that, Rs 189 as the stop loss would not be hit. So Crompton Greaves could be headed for Rs 205-207 kind of a range."

The share touched its 52-week high Rs 231 and 52-week low Rs 155.40 on 10 September, 2014 and 24 April, 2015, respectively.