There would not be any major move unless Crompton crosses 170 mark: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com, talked about Crompton Greaves.

ET Now: What is the call on Crompton Greaves?

Rajat Bose: Crompton Greaves is a difficult case because Crompton as such whenever you look at it that after it has bounced back, then it can close to the resistance level around 170 but would not really cross that. So unless you see it crossing that 170 mark, there would not be any major move. As for the day, you need to see Crompton Greaves coming back once again above 150 odd level. So if it fails to cross that 150 odd level, it will have fresh weakness and the target for which would be 124.