CG POWER
Updated
Stock is in strong bullish trend since 06-May-2024. reached its life time high of 735 on 24-Jun-2024.
Massive move from 530 to 735 (205 points in 48 days)
since the stock is in all time high level.. we can wait for correction and enter at accumulation zone between 660-680. Major support seen at 648
Strict stop-loss to be maintained at 621 (For short term)
for short term trades the targets are 787 & 873
Long term investors need not worry about stop-loss but below 555 accumulation is not recommended .
Massive move from 530 to 735 (205 points in 48 days)
since the stock is in all time high level.. we can wait for correction and enter at accumulation zone between 660-680. Major support seen at 648
Strict stop-loss to be maintained at 621 (For short term)
for short term trades the targets are 787 & 873
Long term investors need not worry about stop-loss but below 555 accumulation is not recommended .
Trade active
Stock is taking more time than expected to hit the first target. since there is inherent weakness in the broader markets.. kindly hold and wait for target.. nothing to worry Trade closed: target reached
Second Target Achieved.. Book Profits and exit ..
Long term investors can wait for targets above 960
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