CG Power – Strong Breakout with Volume Confirmation

CG Power – Strong Breakout with Volume Confirmation
CMP ₹694.10 | Time Frame: 5-min | Date: June 17, 2025

📊 Chart Summary:
The stock broke above recent resistance near ₹684 with a strong bullish candle on high volume.

Clean structure with higher highs and higher lows on the intraday chart.

Sustaining above ₹690, which now acts as a strong support and breakout base.

🔍 Technical Levels:
Immediate Resistance: ₹705

Next Target Zone: ₹718–₹725

Support Zone: ₹683–₹686

Volume Analysis: Volume spiked significantly on the breakout candle, confirming strength

🎯 Trade Setup:
✅ Buy Zone: ₹690–₹694
→ Target 1: ₹705
→ Target 2: ₹720
→ Stoploss: ₹683 (below breakout base)

⚠️ Avoid Shorts unless ₹680 breaks with heavy volume

🧠 Bias: Bullish with Momentum
📈 Breakout Strength Score: 85%
🔍 Watch price action near ₹705 – a clean close above it could trigger next leg up.

CG Power showing classic breakout behaviour – high volume, strong structure, holding above breakout zone. Looks good for ₹720+ levels.
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