CG Power & Industrial Solutions Ltd. is showing a recovering technical trend with a current price around ₹743.50, trading near its 50-day moving average of ₹751.30 and above the 200-day moving average of ₹674.57, indicating a positive trend. Technical indicators like Stochastic RSI and CCI suggest an uptrend, while RSI remains neutral at about 51.5. The stock has established support around ₹725 and resistance near ₹757, making these levels crucial for potential trading decisions. It recently broke out of a flag and pole pattern, signaling momentum buildup and potential upside targets in the range ₹750-820, with a suggested stop loss near ₹640 for risk management.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.