Technical Analysis CG Power & Industrial Solutions
The stock
CGPOWER
has been in a clear long-term uptrend since early 2023 moving from the ₹280 levels to a peak near ₹880. After a significant correction in late 2024 and early 2025 the stock found a strong bottom around the ₹520–₹560 zone. Currently it is in a recovery phase trading at ₹728.20.
Major resistance the immediate hurdle is at ₹760–₹800. If the stock breaks and stays above ₹800 it could retest its all-time high of approximately ₹880. Immediate Support the level of ₹640–₹660 where the dashed crosshair is currently placed acts as a primary support. Strong Demand Zone the ₹560 level has shown strong buying interest in the past making it a must-hold area for bulls.
Higher lows the stock is currently attempting to form a higher low compared to its previous major dip which is a classic sign of a trend reversal from bearish to bullish. For buyers you might wait for a decisive close above ₹760 for a safer entry. For holders keep a stop-loss trailing near the ₹640 mark to protect your capital.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.