G Power – Weekly Breakout with Gap-Up and Strong Volume
Technical View:
Market Context:
Power and industrial stocks are seeing strong inflows as capex and infrastructure cycles accelerate in India.
CG Power’s strong breakout highlights it as one of the sector leaders to watch.
Conclusion:
CG Power is displaying technical strength with volume confirmation. If momentum sustains, the stock has potential to deliver strong returns in the medium term.
- Stock has given a decisive breakout on the weekly chart, accompanied by a gap-up opening, which adds conviction.
- Volume spike indicates strong institutional demand backing the move.
- Relative strength vs Nifty has turned positive, showing clear outperformance compared to the broader market.
- The chart also shows a rounded base formation before the breakout, signaling accumulation.
- Immediate support zone can be considered around ₹610 (stop-loss reference), while sustaining above ₹700–720 keeps momentum intact.
Market Context:
Power and industrial stocks are seeing strong inflows as capex and infrastructure cycles accelerate in India.
CG Power’s strong breakout highlights it as one of the sector leaders to watch.
Conclusion:
CG Power is displaying technical strength with volume confirmation. If momentum sustains, the stock has potential to deliver strong returns in the medium term.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.