CGPOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of CGPOWER (CG Power and Industrial Solutions Ltd)

📊 Trend Overview

Status: Trending upward

Structure: Price is well above both 50-DMA and 200-DMA, confirming a strong bullish trend.

52-week Index: 74.7% — solid relative performance, close to yearly highs.

📈 Moving Averages

DMA 50: ₹712

DMA 200: ₹674

Current Price: ₹784

✅ Price is significantly above both moving averages, reinforcing bullish momentum. These levels now act as strong support zones.

📉 Momentum Indicators

RSI (14-day): 73.2 — Overbought zone, indicating strong momentum but also potential for short-term pullback or cooling.

MACD: +29.8 — Bullish crossover, confirming upward momentum.

Volume: 39.4 lakh vs 1-week avg of 27.7 lakh — Strong volume surge, validating price strength and institutional interest.

📊 Bollinger Bands

Price is near the upper band, suggesting bullish momentum but also heightened volatility. A pause or minor correction may occur before further upside.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 750 Minor pullback zone

Support 2 712 50-DMA, strong support

Resistance 1 800 Psychological resistance

Resistance 2 840 Previous swing high

Resistance 3 875 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry: ₹750–₹770 range on pullback with volume confirmation.

Exit Zone: ₹820–₹850 for short-term traders; ₹875+ for medium-term breakout players.

⚠️ Short-Term Signals

RSI is overbought, MACD is bullish, and volume is strong — suggesting momentum continuation but with caution.

Watch for consolidation near ₹800 before next leg up.

Strong fundamentals (zero debt, high ROCE/ROE, and consistent profit growth) support the technical setup.

🧭 Summary

Trend: Bullish and trending

Momentum: Strong; MACD and volume confirm upside, RSI signals caution

Technical Rating: 4.4 — High-conviction setup with short-term overbought risk

Would you like a comparative view with peers like Siemens or ABB India to assess sector leadership?

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