Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Negative divergence seen... Price is previous support level, if u watch weekly charts one can understand, as RSI facing resistance...
Keep stoploss at 48
Targets - 43, 42.1, 40
Keep trailing the stoploss
CGPOWER is on a downward projectile. Wait for level of 38 and Short CGPOWER only around 38 with Stop-loss of 40 (on closing basis) and Target of 30.50
Expecting CGPOWER to get in to short covering rally starting tomorrow. Wait for the level to come in.
cg power has formed an inverted head and shoulder pattern. a breakout above 63 would be a good buy and also obv showing some divergence so can go long on break of 63 with stoploss below 50ema and target of 70/76/80