CGPOWER - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.2

🔧 Intraday Trade Profile – CG Power and Industrial Solutions Ltd

CGPOWER shows signs of weakness for a near-term bounceback, but current momentum indicators are sluggish. Volume is decent, but the stock hovers at its DMA 200 with MACD in negative territory, hinting at caution. Still, the strong ROE and ROCE paired with low debt suggest that a tactical scalp trade could work if momentum revives.

📊 Technical & Momentum Check

Price @ ₹659 sits at DMA200 and just below DMA50 (₹671) — indicating resistance zone.

MACD (-2.75) is negative → bears still in control.

RSI (41.9) → low range, showing weak strength; needs boost.

Volume (25.4L) < Avg Vol (36.1L) → momentum yet to build.

📈 Fundamental Insight

Metric Value Interpretation

ROE / ROCE 27.6% / 37.5% Excellent capital efficiency

Debt/Equity 0.01 Near-zero leverage, strong balance sheet

PEG Ratio 9.54 Overvaluation concern

PAT Qtr ₹267 Cr vs ₹272 Cr Slight dip, but overall stable

EPS vs Industry PE ₹6.56 vs PE 104 Premium pricing, elevated expectations

FII / DII -0.30% / +2.75% Mixed institutional sentiment

🎯 Intraday Trade Plan

✅ New Entry Setup

Buy Zone: ₹657–₹660 (only after MACD shows flattening and RSI edges above 45)

Profit Target: ₹666–₹668 (resistance at DMA50, expect short rallies)

Stop Loss: ₹651 (below intraday support threshold)

🕒 Exit Strategy – If Already Holding

Consider exiting today if

Price fails to challenge ₹665 by 12:45 PM IST

RSI remains below 43, confirming weak momentum

MACD slope stays negative or widens post-11:30 AM

Volume remains < 30L into second half of session

Exit Timing Window: 12:30–1:15 PM IST

📌 This stock might be better watched for reversal setups tomorrow or next week if MACD and RSI converge with improving volume. Want me to track such turnaround alerts for you based on your risk profile?

Edit in a page