CG Power Technical Setup

📉 CG Power Technical Setup (Daily Chart)
🗓️ Date: 7th June 2025
📊 Current Trend: Consolidation after a strong rally

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🔍 Chart Analysis:
• Support Zone: ₹673 (Red line) – Strong demand area
• Resistance / Entry Trigger: ₹708.90 (Green line) – Previous swing high
• Intermediate Level: ₹681.60 (Blue dotted line) – Possible intraday support/resistance

🔁 Expected Move:
• Price may retest the support zone near ₹673
• A bounce from support could signal strength 📈
• Entry only above ₹708.90 for fresh momentum buying
• Watch for volume confirmation on breakout

🧠 Strategy:

Wait for breakout above ₹709 with good volume.
Avoid premature entry in the consolidation zone.

📌 Disclaimer: Not a buy/sell recommendation. For educational purposes only.