Get started
SHRIHARII

CGPOWER - 4 Months Consolidation Breakout

Long
CG POWER AND INDUS (NSE:CGPOWER)  
SHRIHARII Updated   
NSE:CGPOWER   CG POWER AND INDUS
Trend Analysis Beyond Technical Analysis Chart Patterns consolidation breakout alltimehighbreakout weeklybreakout bullishmomentum uptrendchannelbreakout hugevolume
4
0
trendanalysis beyondta chartpattern consolidation breakout alltimehighbreakout weeklybreakout bullishmomentum uptrendchannelbreakout hugevolume
CG Power & Industrial Solutions Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle & with good volume in Weekly Time Frame.
3) The stock may find It's next resistance around the (price 620) in short term.
5) Recommendation - Since the market is quite weak Consider Buying it with tight Stop Loss.
Comment:
As mentioned previously, The given target of 620 - (15.65%) from the given price (535.95) is achieved.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.