"CG Power: EMA Support से Semiconductor Surge तक - Buy the Consolidation Dip!"

Technical Analysis:

CG Power exhibits consolidation between ₹650-₹670, finding strong support on daily 20-day EMA at ₹697 and 50-day EMA at ₹716, with price holding above key pivots. Recent bounce from ₹653.90 low signals potential bullish reversal, backed by stable 60% delivery volume. RSI neutral at 61, above short-term EMAs (5-day ₹678, 9-day ₹676) confirms short-term momentum. The key technical levels for CG Power are as follows: Strong support is located at ₹653-658 with EMA confluence and pivot, while the pivot level at ₹663 will act as the breakout trigger. On the upside, resistance is visible between ₹675-710 as the next targets, and for risk management, placing a stop loss below ₹650 would be appropriate. Recent News & Events: NSE/BSE warning letters for delayed promoter reclassification disclosure (minor impact, stock -4.5%). GG Tronics lost railway Loco Kavach order due to pending approvals (Nov 2025, -2% share dip). Positive: ₹7,600 Cr OSAT semiconductor facility launch in Gujarat (G1 production 2026, prior 14% rally); transformer capacity to 85k MVA by FY28. Important Points: Promoter holding down 1.68% QoQ; Nifty Next 50 constituent. YTD -10%, 5Y +1224% returns; strong cash flow ₹944 Cr FY25. Macro: Benefits from India infra/semicon push; micro: Capacity doubling in transformers/motors.