CG Power: Sideways Channel, 900 the Level to Watch

has penetrated its multi-month falling trendline (drawn from the 987.50 and 954.60 swing highs) and is now trading sideways in a channel near 890.50. RSI is at a healthy 57.11, reflecting balanced momentum rather than a strong directional push either way. A sustained break above 900 would give the bulls the edge and open the path for further upside. On the downside, 860 is a strong support — a break below this level would negate the trendline breakout and shift the structure back in favour of the bears. For now, the stock is best viewed as consolidating between these two levels, with the next directional move likely to come from whichever boundary gives way first on a closing basis. A trendline penetration doesn't confirm a full trend reversal on its own — the follow-through above a key resistance level like 900 is what validates it. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.