New Delhi, Oct. 28 -- After remaining under pressure, shares of Crompton Greaves Consumer Electricals regained strength in Wednesday's trade, gaining 4% to Rs.204 apiece. The rebound also caught the attention of Choice Equity Broking, with the brokerage expecting the recovery to sustain amid a favourable technical setup.

The brokerage said that the stock has taken strong multi-year horizontal support around the Rs.190- Rs.200 zone (which aligns with the key 0.786 Fibonacci retracement level near Rs.193.35). Historically, this crucial demand area has triggered robust bullish rebounds, highlighting strong buying interest and price rejection at lower levels.

It added that momentum indicators further support a potential upside reversal, wit...