CG POWER AND IND SOL LTD stock forum
CGPOWER Stock Research Report: CG Power & Industrial Solutions LtdCurrent Market Price (CMP): ₹729.55
Buy Zone: ₹729-₹746
Target: ₹825
Stop Loss: ₹650
Time Frame: Around 1 Month
Rationale:
Ascending Triangle Breakout: The stock has broken out of an ascending triangle pattern with strong volume support, suggesting a continuation of the upward trend.
Bullish Momentum: The price closing above a previous bearish gap indicates that bullish control is intact and further upside is likely.
Recommendation: Buy within the ₹729-₹746 range, with a target of ₹825 and a stop loss at ₹650. This trade is expected to play out over approximately 1 month.
CGPOWER HIT:Long