Technical Outlook of CGPOWER

On the daily chart, the stock has given a sharp breakout above the ₹790–₹800 zone with strong momentum. The move is almost vertical in the short term, which clearly shows aggressive buying. There’s no major selling pressure visible yet, but the price is stretched from its recent base. In simple terms, the trend is strong, but in the near term it may either pause or slightly pull back before the next move. Immediate support now sits around ₹800. On the weekly chart, the picture is much cleaner and more reliable. The stock has spent a long time moving in a range between ₹525 and ₹800, and now it has finally pushed above that upper band. This kind of move usually signals a shift from consolidation to trend expansion. The structure is improving with higher lows and now a breakout attempt, which supports a bullish view as long as it sustains above ₹800. On the monthly chart, the trend has been strong for a long time. You can clearly see a steady uptrend with phases of consolidation in between. The recent move is essentially a continuation of that larger trend after a pause. There’s no sign of weakness on this timeframe. Instead, it reflects long-term accumulation and strength. This is why the breakout on lower timeframes carries more weight. Putting all three together: Short term (daily) → slightly stretched Medium term (weekly) → breakout in progress Long term (monthly) → strong uptrend intact So overall trend is positive, but better entries come when short-term price cools down near key support rather than chasing strength. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.