CG Power is showing strong bullish momentum, having previously surged by 85.31% within a defined bullish flag pattern. Following a healthy consolidation, the stock has successfully tested and held the triple bottom support line, signaling potential for further upside movement.
Key technical indicators suggest a likely breakout from the flag pattern in the coming sessions, with a potential 13.24% move towards the next target of ₹838.70. The stock is currently trading above its key moving averages, indicating sustained upward momentum, while the MACD presents a bullish crossover, reinforcing a positive outlook.
Key Observations:
Key technical indicators suggest a likely breakout from the flag pattern in the coming sessions, with a potential 13.24% move towards the next target of ₹838.70. The stock is currently trading above its key moving averages, indicating sustained upward momentum, while the MACD presents a bullish crossover, reinforcing a positive outlook.
Key Observations:
- Bullish Flag Pattern: Indicates continuation of the prior uptrend.
- Triple Bottom Support Line: Strong support zone holding around ₹680.
- Volume Profile: Shows healthy accumulation, with strong buying interest near current levels.
- Potential Upside Target: ₹838.70 (based on flag pattern breakout).
A breakout above ₹738 would confirm the next leg of the uptrend, and traders should monitor this level closely. Overall, CG Power continues to display robust technical strength, positioning itself for a potential rally.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。