CGPOWER INVERSE H&S REVERSAL PATTERNCgpower is breaking inverse h&s reversal pattern
breaking 200 ema also
with good volume,bullish rsi
breakoing and holding 690 can take it 750-800
NO BUY/SELL RECOMENDATION
CGPOWER trade ideas
CG Power : Showing signs of reversal#CGpower is showing signs of reversal - will it sustain ?
- The volatility in the stock has shot up significantly in past 2 days !
- Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series
- On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being.
- Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !)
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
CGPOWER Trading Within Demand ZoneCGPOWER is currently trading at ₹666.3, within the demand zone of ₹679 (baseHigh) to ₹663 (baseLow), formed on 11th September 2024. Investors might monitor this range for potential buying opportunities, as the zone could act as support.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
CGPOWERThere is a one more stock Which is showing a great opportunity, stock is in near resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a image from my private idea because daily idea post limit is reached.
CG Power H&S Formation on WTFCG Power and Industrial Solutions in formation of H&S pattern on WTF . Any close below 675 on weekly basis lead to more panic.
For long position, SL - 675 ,Target - 710,749
Contra Call : CG has not violated/close below 34 wMA since 2020 and every time bounced back from here.
34 WMA placed 705.
CGPOWER Long PositionalDate : 15-12-2024
-------------------------------------
Breakout Soon (PICK RESEARCH TO OBSERVE)
CGPOWER Looks Good Above 774
SL 735
Target 813, 852, 891, 969, 1126++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
CG Power and Industrial Solution - Breakout Setup, Move is ON...#CGPOWER trading above Resistance of 783
Next Resistance is at 1014
Support is at 647
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Oh Beauty! Can CG Power Unlock the Secrets of 3 White Soldiers?1.Ends up a 3 month long consolidation with a decent breakout
2.Upward candles gained momentum
3.Tweezer Bottom Formation before trend reversal
4.Excellent bounce from 0.6 Fib + EMA 50 Confluence
5.Outperforming Sector & Broader market
6. Gained Momentum, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages
7.Volume Gain
8. Catalyst:Acquiring Renesas Electronics Corporation’s radio frequency (RF) components business for $36 million, marking its entry into semiconductor design.
CGPOWER -Cup and Handle -Breakout - DailyThe chart for CG Power and Industrial Solutions Ltd. shows a clear Cup and Handle pattern, which is a bullish continuation pattern. This is confirmed by both price action and volume. Below is a breakdown of the technical and fundamental aspects of the stock.
Technical Analysis:
Cup and Handle Pattern:
The chart clearly depicts a Cup shape, where the stock gradually moved lower and then formed a rounded bottom.
The Handle follows a smaller, tighter consolidation just before a breakout.
A breakout from the handle suggests a potential continuation of the previous uptrend, which has already been confirmed by a move above 814.40 INR.
Volume:
There is an evident volume spike during the breakout from the handle, indicating strong buying pressure, which is a key confirmation for this bullish pattern.
This increasing volume during the breakout is essential to validate the move upward, and it suggests a likely continuation of the rally.
Price Targets:
The measured move from the bottom of the cup to the resistance (around 136.25 INR) is projected upwards from the breakout point.
The first target is set around 919.25 INR, which is approximately 17.42% above the current breakout level.
An extended target can be projected beyond this, but the 919.25 INR level acts as the immediate resistance.
Support Levels:
782.45 INR is the key support level, acting as the breakout point of the handle.
643.15 INR is a more extended support level based on historical price action. If the stock retraces, this level might be tested.
Trend:
The overall trend is bullish, supported by the stock’s higher highs and higher lows. The recent consolidation was necessary for the continuation of the uptrend.
Risk Management:
A stop-loss can be placed below 782.45 INR or 643.15 INR, depending on risk tolerance.
Fundamental Analysis:
Company Overview:
CG Power and Industrial Solutions Ltd. is involved in manufacturing electrical equipment and industrial solutions, which includes transformers, switchgears, and motors.
With increasing investments in infrastructure and industrial sectors, the company stands to benefit from both domestic and international growth.
Financial Health:
The company has seen improved financial performance in recent quarters, with growing revenues and improved margins due to operational efficiencies.
Key financial metrics like Return on Equity (RoE) and Net Profit Margin have improved, signaling strong financial health.
Sector Outlook:
The power and industrial solutions sector is expected to witness strong demand, driven by investments in infrastructure and renewable energy.
Government policies encouraging industrial expansion and power grid modernization further support a bullish outlook for companies like CG Power.
Recent Developments:
Recent earnings reports have indicated significant improvements, and management’s forward guidance has been positive, hinting at sustained growth in the upcoming quarters.
Conclusion:
Technical Outlook: The Cup and Handle pattern suggests a potential rally towards 919.25 INR, with strong buying interest indicated by volume spikes.
Fundamental Outlook: The company's fundamentals are sound, with increasing revenues, improved profit margins, and a favorable industry outlook.
The stock has a bullish setup both technically and fundamentally, making it attractive for medium to long-term investors. However, appropriate risk management is essential, especially around key support levels.
CGPOWER BREAKOUTTrendline has already broken. Now the stock is ready to break ATH
Disclaimer
The ideas and views shared here are for educational and informational purposes only and should not be considered financial advice. Trading and investing in financial markets involve significant risk, and past performance does not guarantee future results. Please do your own research (DYOR) and consult with a certified financial advisor before making any trading or investment decisions. I will not be liable for any financial losses or gains resulting from following these ideas. Trade carefully and at your own risk.
CG POWER is again RockingThere is a one more stock Which is showing a great opportunity again, stock is near resistance and ready to blast already moved a little today in 4 hour TF. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
CGPOWER - 4 Months Consolidation BreakoutCG 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.
Bullish Channel - Ideally suitable for swing and long termBullish Channel - Ideally suitable for swing and long term
Entry point would we be at the lower end of the channel with right stop loss amount.
Depending on swing or long term appropriate targets could be projected and booked appropriately as per the upper channel zones.
Disclaimer: This is published for educational purpose only for understanding the chart structure.
#BullishChannel
CG Power and Industrial Solution - Breakout Setup, Move is ON...#CGPOWER trading above Resistance of 527
Next Resistance is at 647
Support is at 417
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in CGPOWER
BUY TODAY SELL TOMORROW for 5%
