One can sell cg power for a short term target of Rs. 56...stock has broken short term uptrend line and last three days stock is showing lower top lower bottom. stop loss 62
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... ______________________________________________________________________________ - any dips towards 86-84...
CG Power Bearish Gartley/Butterfly Short Below 91 with 95 SL T1 - 89.5 T2 - 88.2 T3 - 86.7 T4 - 85
CGPOWER has formed cup & handle pattern on daily chart. Breakout seen only above 89.15 on closing basis and stock can attempt to reach 95-96 zone.
NSE:CGPOWER has broken above symmetric triangle Go long above 88.80 T1 - 93.70 T2- 98.40 SL - 82.75
CG Power at Strong Resistance Zone and also facing Resistance from Trendline. New upmove only on close above 88 Support can come at 80-81 zone and then at 75-77
High risk buy, above 85 go long for target of 90 & 93. Safe guys do not enter this script as the lot size is 12000, it is too big to handle. Sl 80
trendline breakout on daily charts after it takes support at 50ema.. also,it looks like a retest of the long term tl breakout on the weekly
Go short as a bearish evening doji star has formed on daily chart. Target 70, SL 81
BREAKOUT OF PATTERN @ 88 TGT 140
buy current 70.70 sl 69 target t1 71.8 t2 t2 73 stoch rsi going up and rsi also going up