CG Power and Industrial Solutions Chart Analysis {on request}

8 thg 1, 2018

CG Power
CMP 96.35

Observations

- since June 2013 the stock has given a higher bottom - higher top

- the stock price is currently near minor resistance zone

- good channel support comes around 82-86 levels coinciding well with 20 day and 50 day EMA...

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- any dips towards 86-84 levels provides good entry opportunity to add

- once 102 is taken out CG Power stands a good chance to test it's all time highs around 119 levels....

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Fresh review should be done in either of the 2 cases

- any move beyond 120 and stock will be in uncharted territory

- or a move below 80 will require re-asses and re-look


Hope it is helpful...

Take care & safe trading...!!!