CG Power – Strong Breakout with Volume Confirmation
CMP ₹694.10 | Time Frame: 5-min | Date: June 17, 2025
📊 Chart Summary:
The stock broke above recent resistance near ₹684 with a strong bullish candle on high volume.
Clean structure with higher highs and higher lows on the intraday chart.
Sustaining above ₹690, which now acts as a strong support and breakout base.
🔍 Technical Levels:
Immediate Resistance: ₹705
Next Target Zone: ₹718–₹725
Support Zone: ₹683–₹686
Volume Analysis: Volume spiked significantly on the breakout candle, confirming strength
🎯 Trade Setup:
✅ Buy Zone: ₹690–₹694
→ Target 1: ₹705
→ Target 2: ₹720
→ Stoploss: ₹683 (below breakout base)
⚠️ Avoid Shorts unless ₹680 breaks with heavy volume
🧠 Bias: Bullish with Momentum
📈 Breakout Strength Score: 85%
🔍 Watch price action near ₹705 – a clean close above it could trigger next leg up.
CG Power showing classic breakout behaviour – high volume, strong structure, holding above breakout zone. Looks good for ₹720+ levels.
#CGPower #BreakoutAlert #NSEStocks #IntradayTrading #SwingTrade #TradingViewIdea
CMP ₹694.10 | Time Frame: 5-min | Date: June 17, 2025
📊 Chart Summary:
The stock broke above recent resistance near ₹684 with a strong bullish candle on high volume.
Clean structure with higher highs and higher lows on the intraday chart.
Sustaining above ₹690, which now acts as a strong support and breakout base.
🔍 Technical Levels:
Immediate Resistance: ₹705
Next Target Zone: ₹718–₹725
Support Zone: ₹683–₹686
Volume Analysis: Volume spiked significantly on the breakout candle, confirming strength
🎯 Trade Setup:
✅ Buy Zone: ₹690–₹694
→ Target 1: ₹705
→ Target 2: ₹720
→ Stoploss: ₹683 (below breakout base)
⚠️ Avoid Shorts unless ₹680 breaks with heavy volume
🧠 Bias: Bullish with Momentum
📈 Breakout Strength Score: 85%
🔍 Watch price action near ₹705 – a clean close above it could trigger next leg up.
CG Power showing classic breakout behaviour – high volume, strong structure, holding above breakout zone. Looks good for ₹720+ levels.
#CGPower #BreakoutAlert #NSEStocks #IntradayTrading #SwingTrade #TradingViewIdea
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.
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.