Ashish Chaturmohta of Fortune Group told CNBC-TV18, "Crompton Greaves has been consolidating for a long time between the range of Rs 162-170 and today we have seen a strong volume breakout above Rs 170. We have also witnessed strong build-up of positions in last three trading sessions indicating that in April series the stock can see a strong upmove towards Rs 192-195."
"We are recommending long position at current level with a stop loss below Rs 170 and on upside we are expecting target of Rs 192 in next couple of trading sessions," he said.
Disclosure: Analyst does not have personal holdings.
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