CG Power & Industrial Solutions Ltd. – Technical Outlook

is currently showing a positive technical setup on the daily chart. The stock is trading around ₹898, with the overall trend supported by its moving averages and improving momentum indicators. The stock is trading above its 10-day EMA (₹879.81), 20-day EMA (₹880.76), 50-day EMA (₹882.69) and 100-day SMA (₹871.29). This indicates that the short- to medium-term trend remains positive. The broader trend also continues to look constructive as the stock remains comfortably above its 200-day SMA of ₹770.30. Momentum indicators are also showing signs of improvement. The RSI is around 54, suggesting that the stock has positive momentum without being in the overbought zone. Meanwhile, the MACD is showing a recovery, with the histogram turning positive, which could support further upside if buying interest continues. Key Levels to Watch The immediate resistance zone is around ₹900–₹910. A sustained breakout above this range could strengthen the bullish momentum and open the way toward ₹925 and ₹950. If the stock manages to decisively cross ₹950, the next potential zone to watch would be around ₹970–₹980. On the downside, ₹882–₹880 is an important near-term support zone, followed by ₹870. Holding these levels would keep the current positive structure intact. A decisive move below ₹870 could lead to further consolidation toward ₹850. Outlook Overall, CG Power currently maintains a bullish-to-positive outlook. Traders should watch the ₹900–₹910 breakout zone closely for confirmation of the next upward move, while ₹880–₹870 remains the important support area. Disclaimer: This analysis is based on technical indicators and chart structure and should not be considered a guaranteed price prediction or investment recommendation.