बिजली की ताकत, भरोसे की छाँव; नवाचार से जगमगाए हर ऊर्जा स्रोत – CG Power आपके उद्योग का साथी।

CG Power Daily Technical Chart Analysis

CG Power is currently trading at approximately ₹720–₹724 as of November 19-20, 2025. The stock has experienced recent weakness, trading below its short-term moving averages with technical indicators showing bearish momentum. RSI is around 39-42, indicating oversold conditions and potential for a near-term rebound. MACD is negative at -3.59, confirming downward momentum. Support levels: ₹710, ₹700, ₹680 Resistance levels: ₹732, ₹750, ₹760 The stock has formed a higher high-higher low structure after rebounding from its ₹520 base earlier in the year. However, short-term weakness persists. Traders should watch for volume confirmation and RSI reversal signals before taking fresh positions. A sustained move above ₹750 would indicate bullish recovery. Positive Points Exceptional long-term returns: 3,267% in 5 years, 216% in 3 years Strong order inflows from power and industrial segments Robust revenue growth: 16.69% YoY in Q2 FY2025 Strategic diversification into semiconductors (Gujarat OSAT facility) Institutional backing: Morgan Stanley 'Overweight' with ₹799 target Solid promoter holding at 56.37% Beneficiary of India's infrastructure and manufacturing growth Strong governance with transparent disclosures Negative Points Short-term technical weakness: RSI at 39-42 (oversold), below moving averages Promoter holding decreased by 1.68% over last quarter Valuation concerns: Trading at 15.2x book value, considered overvalued by some metrics High volatility: ATR indicates elevated price swings Profit-booking pressure after strong rally from ₹520 to ₹811 (52-week high) Execution risks in new semiconductor venture Competition in electrical equipment sector