LKP Spade : A Weekly Pick - Buy CG Power and Industrial Solutions Ltd For Target Rs. 295/310 By LKP Securities
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* 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
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