CG Power & Industrial Solutions Ltd – Technical Market View

CG Power & Industrial Solutions Ltd is showing a mixed-to-cautious technical structure on the chart. After facing resistance around the ₹920–₹930 zone, the stock witnessed selling pressure and moved towards the lower support area. The recent candles, however, show some buying interest emerging near the ₹855–₹862 zone, making this an important area to watch. On the upside, the immediate resistance zone is around ₹907–₹931. A sustained move above this area could improve the short-term structure and bring the higher resistance levels of ₹954, ₹977 and ₹1,000 into focus. A decisive breakout above ₹931 with strong price action and volume could therefore be an important technical development. On the downside, ₹861–₹855 remains a crucial support zone. If this area fails to hold, the next important support levels visible on the chart are around ₹838 and ₹815. Sustained trading below these levels could indicate increasing downside pressure. The chart also highlights a Right Shoulder formation, so traders should closely monitor the neckline/support area and wait for confirmation rather than relying on the pattern alone. 🔹 Current Zone: Around ₹880–₹885 🔹 Key Support: ₹861–₹855 | ₹838 | ₹815 🔹 Key Resistance: ₹907–₹931 | ₹954 | ₹977 | ₹1,000 🔹 Short-Term Bias: Neutral to Cautious 🔹 Key Focus: Support reaction, volume confirmation & breakout above resistance 📌 AALGO BREATHS SEBI Registered Research Analyst For educational and informational purposes only. This analysis is not a buy/sell recommendation. Securities-market investments are subject to market risks.