CG Power : Showing signs of reversal
#CGpower is showing signs of reversal - will it sustain ?
- The volatility in the stock has shot up significantly in past 2 days !
- Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series
- On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being.
- Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !)
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
- The volatility in the stock has shot up significantly in past 2 days !
- Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series
- On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being.
- Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !)
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
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