CG Power & Industrial Solutions Ltd. has broken the floor of the rising trend channel in the medium-long term, which indicates a weaker initial rising rate. It also gave a positive signal from the rectangle formation at the break up through the resistance at 221.
Further rise to 297 or more is signaled. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated.
In case of a negative reaction, the stock has support at approximately 257 rupees. The stock is overall assessed as technically positive for the medium-long term.
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