CG Power and Industrial Solutions with Strong Bullish Flag Setup
CG Power and Industrial Solutions just landed its largest-ever single order a 641 crore contract from Power Grid Corporation of India Ltd (PGCIL) for high-voltage transformers and reactors
The company, now under the Murugappa Group, reported consolidated FY25 revenues of 9,909 crore. However, annual profit dipped to 972.98 crore from 1,427.61 crore in FY24, despite a strong Q4 showing with a 17% YoY rise in net profit to 274.26 crore.
- Inverse Head & Shoulders Breakout: The stock recently broke out of an inverse H&S pattern, a classic bullish reversal signal, with strong volume confirmation. Holding above 690 could push it toward 750 TO 800.
Support & Resistance Levels
- Support: 663–679 demand zone
- Resistance: 694, 704 and 712
Trend Summary
- Short-Term: Neutral to bullish
- Medium-Term: Bullish bias if it sustains above 690
- Volatility: Elevated, so expect sharp swings
The company, now under the Murugappa Group, reported consolidated FY25 revenues of 9,909 crore. However, annual profit dipped to 972.98 crore from 1,427.61 crore in FY24, despite a strong Q4 showing with a 17% YoY rise in net profit to 274.26 crore.
- Inverse Head & Shoulders Breakout: The stock recently broke out of an inverse H&S pattern, a classic bullish reversal signal, with strong volume confirmation. Holding above 690 could push it toward 750 TO 800.
Support & Resistance Levels
- Support: 663–679 demand zone
- Resistance: 694, 704 and 712
Trend Summary
- Short-Term: Neutral to bullish
- Medium-Term: Bullish bias if it sustains above 690
- Volatility: Elevated, so expect sharp swings
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。