The impact of the early monsoon rains in June 2025 on rural...
Technicals for CG Power and Industrial Solutions Limited
By MusingTheNews
2025-06-13 20:27
Overall Technical outlook
Price Summary
A -3.44% slide in CG Power and Industrial Solutions Limited's stock marked an lacklustre day on the market. On 2025-06-12, CG Power and Industrial Solutions Limited's stock opened at 700.0, reached a high of 700.0, dropped to a low of 673.0, and closed down -3.44% at 675.9, with a trading volume of 1797369 shares. The stock's highest price over the 52-week span is 858.15, while the lowest price is 540.5. As per recommendations from 12 analysts, CGPOWER's future price is expected to span between 531.0 and 930.0, with a mean price around 716.0833.
Technicals
Support and Resistance: The price sits at 675.9, supported by 640.15 and resisted by 684.0. This indicates a trading range where 640.15 provides a floor, preventing declines, and 684.0 acts as a ceiling, limiting further price increases for CGPOWER. Support/Resistance for CGPOWER
Aroon: AROON shows a bearish trend, with Aroon Down moving up and the Aroon Oscillator reversing. This combination suggests a downward trend reversal, indicating that the stock may be entering a period of decline. Investors should take note of this change as it may suggest increasing bearish momentum for CGPOWER. Aroon chart for CG Power and Industrial Solutions Limited
Bol. Bands: The current price has made a sharp bearish move by crossing below the lower Bollinger Band, dropping from above the middle band. This significant decline, which spans two bands in one go, indicates strong selling pressure and a possible continuation of the bearish trend. However, the rapid drop could also suggest an oversold condition for CGPOWER, where traders might expect a rebound or reversal in the near term. Bolinger Bands chart for CG Power and Industrial Solutions Limited
Parabolic SAR: The PSAR remains bearish for CG Power and Industrial Solutions Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for CG Power and Industrial Solutions Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for CG Power and Industrial Solutions Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned in a bearish pattern, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that the bearish momentum for CGPOWER may be fading. This could signal a potential shift towards bullish price action, as the market's downward trajectory begins to lose strength and prepares for a possible reversal. Tripple SMA chart for CG Power and Industrial Solutions Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
This article explores the Reserve Bank of India's initiatives aimed at enabling...
By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our tailored marketing efforts.