cg power- bullish harami patternbullish harami pattern on weekly chart
buy above 39
for tgt 41.85/46.75/50
with support of 34
CGPOWER trade ideas
CGPOWER: SELL at 38 with Stop-loss of 40 Target of 30.50CGPOWER 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.
Neutral - CG POWERPotential zone for reversal, based on weekly and daily.
Can sell 47.5PE for september series
a probable head and shoulder patterncg 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
cg power - broken short term uptrend lineOne 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 and Industrial Solutions Chart Analysis {on request}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...
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- any dips towards 86-84 levels provides good entry opportunity to add
- once 102 is taken out CG Power stands a good chance to test it's all time highs around 119 levels....
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Fresh review should be done in either of the 2 cases
- any move beyond 120 and stock will be in uncharted territory
- or a move below 80 will require re-asses and re-look
Hope it is helpful...
Take care & safe trading...!!!
CG Power Bearish Gartley/ButterflyCG Power Bearish Gartley/Butterfly
Short Below 91 with 95 SL
T1 - 89.5
T2 - 88.2
T3 - 86.7
T4 - 85
#CGPOWER - Cup & Handle PatternCGPOWER 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.
CG Power - Symmetric triangle breakoutNSE:CGPOWER has broken above symmetric triangle
Go long above 88.80
T1 - 93.70
T2- 98.40
SL - 82.75
CGPOWERCG 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
CGPOWER @ 61.8 fibsHigh 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
set up for a powerful move?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
Bearish evening doji starGo short as a bearish evening doji star has formed on daily chart. Target 70, SL 81
