⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
CGPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | CGPOWER | Market Cap | 95,809 Cr. | Current Price | 608 ₹ | High / Low | 798 ₹ |
| Stock P/E | 79.3 | Book Value | 48.7 ₹ | Dividend Yield | 0.22 % | ROCE | 35.8 % |
| ROE | 26.0 % | Face Value | 2.00 ₹ | DMA 50 | 631 ₹ | DMA 200 | 672 ₹ |
| Chg in FII Hold | -1.00 % | Chg in DII Hold | 1.26 % | PAT Qtr | 337 Cr. | PAT Prev Qtr | 307 Cr. |
| RSI | 48.0 | MACD | -19.2 | Volume | 1,62,83,271 | Avg Vol 1Wk | 98,88,775 |
| Low price | 518 ₹ | High price | 798 ₹ | PEG Ratio | 2.57 | Debt to equity | 0.01 |
| 52w Index | 32.4 % | Qtr Profit Var | 38.1 % | EPS | 7.60 ₹ | Industry PE | 35.4 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected from highs (798 ₹) and is trading at 608 ₹, showing weakness but holding above long-term support zones.
- Moving Averages: Current price is below both 50 DMA (631 ₹) and 200 DMA (672 ₹), confirming short-term bearish bias.
- RSI: At 48.0, stock is neutral, suggesting balanced momentum.
- MACD: Negative (-19.2), showing mild bearish divergence.
- Bollinger Bands: Price near mid-band, indicating sideways consolidation.
- Volume Trends: Current volume (1,62,83,271) is significantly higher than average weekly volume (98,88,775), showing strong participation and heightened activity.
🎯 Momentum & Trade Zones
- Short-term Momentum: Neutral to mildly bearish, consolidation signals dominate.
- Support Levels: 600 ₹ (near-term), 575 ₹ (major support), 518 ₹ (52-week low).
- Resistance Levels: 631 ₹ (50 DMA), 672 ₹ (200 DMA), 700–720 ₹ (strong resistance).
- Optimal Entry: 600–610 ₹ range on dips.
- Optimal Exit: 650–670 ₹ unless breakout above 700–720 ₹ is confirmed.
📊 Trend Status
Stock is consolidating near support levels, with neutral RSI and bearish MACD suggesting sideways movement before a potential breakout.
✅ Positive
- Strong ROCE (35.8%) and ROE (26.0%).
- DII holding increased (+1.26%), showing domestic institutional confidence.
- Quarterly PAT improved (337 Cr. vs 307 Cr.), highlighting earnings strength.
- Debt-to-equity ratio at 0.01, indicating strong financial stability.
⚠️ Limitation
- High valuation with P/E of 79.3 vs industry average of 35.4.
- PEG ratio of 2.57 indicates expensive valuation relative to growth.
- Stock trading below both 50 DMA and 200 DMA, showing technical weakness.
📉 Company Negative News
- FII holding decreased (-1.00%), showing reduced foreign investor confidence.
- Stock corrected sharply from highs (798 ₹), showing technical weakness.
📈 Company Positive News
- Quarterly profit growth (+38.1%) highlights strong earnings momentum.
- DII holding increased (+1.26%), reflecting domestic investor support.
🏭 Industry
- Electrical equipment & power sector trading at industry P/E of 35.4, lower than CG Power’s valuation.
- Sector supported by infrastructure expansion, electrification, and industrial demand.
🔎 Conclusion
CG Power is technically consolidating with neutral RSI and bearish MACD. Traders may consider entry around 600–610 ₹ with exit near 650–670 ₹. Long-term investors should wait for breakout above 700–720 ₹ for bullish confirmation, given premium valuation despite strong earnings growth and robust fundamentals.