CGPOWER trade ideas
Crompton Greaves Power - CMP 183CG Power and Industrial Solutions Limited, previously known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCG Power - Crompton Greaves Consumer Electricals Limited
Good stock from low of Rs5 to 180 in 2years
Still potential in this Stock to perform well
Buy at CMP for positional view of 200/240/290 levels
Very Short term 200 targets and 240 to 290 for 1-3years time
Keep SL of 140 levels
Company is expected to give good quarter also.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
CG Power Heading back towards SupportCG Power has had a good run lately and from the levels of 70 made a high of 210. However post that the stock has seen profit booking happening and is at a critical juncture. If the stock breaks 165 level it would find its first support near 143 and post that it has a support at 125 . It is also important to note that if the price breaks the trending resistance level marked with blue line the stock would aim again to touch its 210 level .
BIG BREAKOUT IN CG POWER, LONG ABOVE 99.5CG POWER CMP96.50 . Can buy for target of 99. Range breakout cum Round bottom breakout already done. If cross minor resistance at 99.15, target is 108. Multi Year Round Bottom breakout above 99.5 fo6 targets of 120/140/160.
Multiple Breakouts and bullish. Long above 99.5