📉 CG Power Technical Setup (Daily Chart)
🗓️ Date: 7th June 2025
📊 Current Trend: Consolidation after a strong rally
⸻
🔍 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.
🗓️ Date: 7th June 2025
📊 Current Trend: Consolidation after a strong rally
⸻
🔍 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.