indiamarketoutlook
Long

CG Power and Industrial Solutions Chart Analysis {on request}

NSE:CGPOWER   CG POWER AND INDUS
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 ...

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- 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....

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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...!!!

Sorry for the typing error , I mean support levels between 90 and 120
Reply
Great Analysis and thanks for devoting time. Can you give me the Targets 1,2,3 till 120 and Support relets from 50 to 120
Thanks again for the wonderful analysis
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