CG Power Technical Setup

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CG Power Technical SetupCG POWER AND IND SOL LTDNSE:CGPOWERpassionate_trader07📉 CG Power Technical Setup (Daily Chart) 🗓️ Date: 7th June 2025 📊 Current Trend: Consolidation after a strong rally ⸻ 🔍 Chart Analysis: •Support Zone: ₹673 (Red line) – Strong demand area •Resistance / Entry Trigger: ₹708.90 (Green line) – Previous swing high •Intermediate Level: ₹681.60 (Blue dotted line) – Possible intraday support/resistance 🔁 Expected Move: •Price may retest the support zone near ₹673 •A bounce from support could signal strength 📈 •Entry only above ₹708.90 for fresh momentum buying •Watch for volume confirmation on breakout 🧠 Strategy: Wait for breakout above ₹709 with good volume. Avoid premature entry in the consolidation zone. 📌 Disclaimer: Not a buy/sell recommendation. For educational purposes only.