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SHRIHARII

CGPOWER - 4 Months Consolidation Breakout

Long
CG POWER AND INDUS (NSE:CGPOWER)  
SHRIHARII  
NSE:CGPOWER   CG POWER AND INDUS
Trend Analysis Beyond Technical Analysis Chart Patterns consolidation breakout alltimehighbreakout weeklybreakout bullishmomentum uptrendchannelbreakout hugevolume
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trendanalysis beyondta chartpattern consolidation breakout alltimehighbreakout weeklybreakout bullishmomentum uptrendchannelbreakout hugevolume
CG Power & Industrial Solutions Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle & with good volume in Weekly Time Frame.
3) The stock may find It's next resistance around the (price 620) in short term.
5) Recommendation - Since the market is quite weak Consider Buying it with tight Stop Loss.
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