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finogent

CG Power: Range breakout on back of expected good QTR Numbers

Long
CG POWER AND INDUS (NSE:CGPOWER)  
finogent Updated   
NSE:CGPOWER   CG POWER AND INDUS
Fibonacci Oscillators Moving Averages CGPOWER bullishtrends investmentstrategy tradingsignals marketinsights Technical Analysis
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fibonacci oscillator movingaverage cgpower bullishtrends investmentstrategy tradingsignals marketinsights technicalanalysis
CGPOWER - Technical Analysis Update 🚀📊

Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM)

Key Indicators:

  • Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢
  • Moving Averages: Recent bullish crossover in EMA and MA
  • MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82
  • Stochastic RSI: Recovery from oversold, K at 61.25, D at 33.09
  • %R: -31.76, still below upper band
  • Fisher Transform: Positive crossover at 0.08 (Fisher), -0.37 (Trigger)

Market Outlook:

Positive momentum observed, with a break in the short-term price range.
Bullish signals from moving average and MACD crossovers.

Trading Targets:

First Target: ₹488.50 🎯
Second Target: ₹503.55 🎯

Caution:

STOP LOSS: exit around ₹461.55 - ₹461.80 (0.382 Fibonacci level).
Monitor closely for sustaining the upside movement. ⛔

Conclusion:
CG Power shows strong potential for growth, with key indicators pointing towards a bullish trend. Ideal for investors looking at short to mid-term gains. Stay vigilant and trade smartly! 🌟⚡


Disclaimer:

  • Informational Purpose: This analysis is for informational purposes and does not constitute financial advice.
  • No Guarantee: The accuracy or completeness of the information is not guaranteed.
  • Investment Risks: Stock market investments are subject to market risks, including the loss of principal.
  • Independent Research: Investors should conduct their own research and consult a financial advisor before making investment decisions.
  • No Responsibility: The author is not liable for any losses or damages arising from the use of this analysis.
  • Regulatory Compliance: This analysis is not a guarantee against regulatory risks.


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#CGPower #StockMarketIndia #TechnicalAnalysis#InvestingTips #NSEIndia #TradingView #StocksToWatch #MarketInsights #Finance #TradingSignals #WealthManagement #InvestmentStrategy #BullishTrends #FinancialPlanning
Comment:
Maintain the status quo.
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