IGI Logo

* The stock has moved up after taking support at the previous swing high on the daily chart indicating a buying around the demand zone.

* Since October, the stock price has been moving with a higher top higher bottom formation on the daily timeframe.

* Besides, the stock is trading comfortably above the short term moving average, which confirms the positive trend.

* Based on the current technical setup we expect a rally in the stock price in the near term

* On the higher end, the stock can move up towards 295/310; whereas, trend may weaken below 267

Buy CG Power and Industrial Solutions Ltd @ Rs.278-282 Stop Loss;267 CB Target Rs. Rs. 295/310 Duration 1 Week

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at www.lkpsec.com/#foo

SEBI Registration number is INM000002483

Above views are of the author and not of the website kindly read disclaimer