CG Power and Industrial Solutions Chart Analysis {on request}
CG Power
CMP 96.35
Observations
- since June 2013 the stock has given a higher bottom - higher top
- the stock price is currently near minor resistance zone
- good channel support comes around 82-86 levels coinciding well with 20 day and 50 day EMA...
______________________________________________________________________________
- any dips towards 86-84 levels provides good entry opportunity to add
- once 102 is taken out CG Power stands a good chance to test it's all time highs around 119 levels....
______________________________________________________________________________
Fresh review should be done in either of the 2 cases
- any move beyond 120 and stock will be in uncharted territory
- or a move below 80 will require re-asses and re-look
Hope it is helpful...
Take care & safe trading...!!!
CMP 96.35
Observations
- since June 2013 the stock has given a higher bottom - higher top
- the stock price is currently near minor resistance zone
- good channel support comes around 82-86 levels coinciding well with 20 day and 50 day EMA...
______________________________________________________________________________
- any dips towards 86-84 levels provides good entry opportunity to add
- once 102 is taken out CG Power stands a good chance to test it's all time highs around 119 levels....
______________________________________________________________________________
Fresh review should be done in either of the 2 cases
- any move beyond 120 and stock will be in uncharted territory
- or a move below 80 will require re-asses and re-look
Hope it is helpful...
Take care & safe trading...!!!
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