CGPOWER - Symmetrical Triangle ( BULL )

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Disclaimer:

I am not a SEBI-registered investment advisor. The information provided here is for educational and informational purposes only and should not be construed as financial or investment advice. Please do your own research or consult with a SEBI-registered financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Current Price: ₹694.30

✅ RSI (Relative Strength Index)

RSI: 61.13 → Bullish Bias (Above 60 indicates buying strength, but not yet overbought)

✅ Support and Resistance

Supports:

S1: ₹681.10

S2: ₹685.50

S3: ₹693.05

Price is holding just above all support levels. ₹681–685 zone could act as a strong demand area if a pullback occurs.

Resistances:

R1: ₹695.50

R2: ₹698.10

R3: ₹698.40

The stock is very close to immediate resistance zone. A breakout above ₹698.40 could trigger further upside and price discovery.

✅ Fibonacci Levels

23.6%: ₹221.90

38.2%: ₹346.65

50.0%: ₹447.48

61.8%: ₹548.30

78.6%: ₹691.85

Current price (₹694.30) is above the 78.6% retracement, suggesting strong continuation of the uptrend and long-term bullish strength.

✅ Moving Averages
Short-Term Averages:

EMA5 = ₹678.33, SMA5 = ₹675.62 → Price above both → short-term momentum is bullish.

EMA9 = ₹675.96, SMA9 = ₹676.28 → Price well above → confirming buying interest.

Medium-Term Averages:

EMA20 = ₹673.61, SMA20 = ₹671.89 → Price above → trend remains intact.

EMA50 = ₹671.79, SMA50 = ₹673.58 → Price above → medium-term strength continues.

Long-Term Averages:

EMA100 = ₹667.51, SMA100 = ₹663.83 → Price above both → positive long-term structure.

EMA200 = ₹660.84, SMA200 = ₹664.66 → Well above → confirms a strong bullish long-term trend.

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