CGPOWER - 4 Months Consolidation Breakout

CG Power & Industrial Solutions Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle & with good volume in Weekly Time Frame.
3) The stock may find It's next resistance around the (price 620) in short term.
5) Recommendation - Since the market is quite weak Consider Buying it with tight Stop Loss.

ความคิดเห็น:

As mentioned previously, The given target of 620 - (15.65%) from the given price (535.95) is achieved.