⚡ CG Power & Industrial Solutions Ltd. – Bullish Setup Emerging

🔹 Price Action The stock closed at ₹736.30 (+6.05%), showing strong recovery with volume support. Price was rejected from the long-term rising channel trendline earlier but is now bouncing back strongly, sustaining above ₹700 levels. 🔹 Technical View Support Levels: ₹642 → ₹700 Resistance Levels: ₹755 → ₹787 → ₹865 Patterns: Long-term rising channel intact since 2021. Recent breakout from a downward consolidation wedge. Current price is retesting upper band of consolidation. 🔹 Indicators RSI (63.93) shows bullish divergence – strength returning. Volumes rising → accumulation signs. Momentum improving after rejection from long-term channel. 🔹 Strength & Weakness ✅ RSI bullish divergence confirming strength. ✅ Strong volume confirmation – buyers stepping in. ✅ Long-term uptrend channel intact. ⚠️ Resistance near ₹787 – multiple rejections in past. 🔹 Outlook Short Term: Momentum towards ₹755 – ₹787 likely. Medium Term: Sustained move above ₹787 → targets ₹865+. Risk: Close below ₹642 may weaken trend. 📢 Disclaimer: This is an educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (Reg. No. INH000020332). 📄 Stock market investments are subject to market risks.