Expect sideways move in CG power...CG Power & Industrial Solutions LtdNSE:CGPOWERamitkumar-3275CG Power and Industrial Solutions Ltd 1.Price is making Higher highs and Higher lows. 2.Price is in Mark Up Phase (although short term trend had turned sideways). 3.Price gave break out of Double Bottom on weekly chart and Price is correcting after break out… (I)It would be natural for price to correct 5-10 % more from current levels, keeping in mind following technical scenarios: - (a)Complex correction: 1.27 % Exp level coincides with EMA55 and apex of Double Bottom. (b)Price tests the low (811.60) of second week of weekly candle of Oct 2024. (c)On daily chart, Price may respect the immediate demand zone (820—840) with the confluence of SMA 144. 4.Observations of recent price action and short-term trend (Last three months): (I)Price action reveals underneath demand zone at 820-845 and over head supply zone at 933-952, short-term moving averages turned flat and momentum indicator (RSI) oscillating between 40-60 while narrowing on the spread of bands of BB indicate towards an higher probability of indecisive move unless price breaks out the afore mentioned demand or supply zone. 5. However, at current Price levels there are no buying opportunities. 6.As per Current Chart structure, buying opportunities may emerge once price closes above 952 and nullifies the over-head supply zone. Once this event takes place, we shall reanalyse the script to decide Entry, stop loss and other technical figures, till then it is recommended to set an alert at 952.