CG Power Breakout: Bulls Take Charge

has staged a strong bullish reversal after decisively breaking above its key swing high of ₹749, confirming a continuation of the broader uptrend. The stock has already rallied nearly 20% from its March lows, indicating solid accumulation and demand emerging at lower levels. The price structure now reflects higher highs and higher lows, which is a classic sign of strength. The breakout is further supported by sustained trading above key moving averages, including the 50-DMA and 200-DMA, reinforcing the positive trend bias. Bollinger Bands have started expanding again, suggesting rising volatility in favor of the bulls after a period of contraction. Momentum indicators are clearly aligned with the price action. RSI is trending higher and holding above the 50 mark, indicating sustained buying strength without entering extreme overbought territory. MACD also remains in positive territory with increasing histogram bars, signaling strengthening momentum. From a technical perspective, the breakout above ₹749 opens the path for a potential move towards ₹820–860 in the near term, provided the stock sustains above the breakout zone. On the downside, ₹720–700 now acts as a crucial support zone, and any dip towards this range could attract fresh buying interest. Overall, the structure, momentum, and breakout confirmation collectively indicate that CG Power remains well-positioned for further upside, making it a strong candidate for continuation of the bullish move.