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Price and trend forecast of CGPOWER for Tomorrow, Weekly, Monthly

CG Power and Industrial Solutions Limited

Symbol: NSE:CGPOWER

ISIN: INE067A01029

667.75

As on 2024-06-13

359.20 (52W Low) 700.00 (52W High)

CGPOWER's Today's Performance

CG Power and Industrial Solutions Limited started the day by opening at 675.75 today 2024-06-13. Its shares reached a high of 677.80 and dipped to a low of 662.80 in intraday. When the markets closed, CGPOWER’s stock price settled at ₹667.75 per share. Also check out its key support and resistance levels.

CGPOWER Buy/Sell Targets

Tomorrow, buy CGPOWER when its price reaches ₹ 667.75 with a stop-loss order at ₹ 660.11. You can set the target price as ₹ 675.39 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of CGPOWER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for CGPOWER

Downside Targets Value in ₹
Tomorrow Down Target 1 676
Tomorrow Down Target 2 684
Tomorrow Down Target 3 691

Important Levels for CGPOWER

Holding Levels Value in ₹
Tomorrow Up Target 1 661
Tomorrow Up Target 2 654
Tomorrow Up Target 3 646
Based on where the stock opens tomorrow, if CGPOWER opens on a positive note, our first target will be ₹676. If Target 1 is achieved, we will aim for Target 2 which is ₹684.

But if CGPOWER falls below the average value of ₹669.45, you can enter a sell side position with target number 1 - ₹661 and second target - ₹654 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of CGPOWER

Looking at CGPOWER, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, CGPOWER has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for CGPOWER is moderate bullish.

Tomorrow's Volume based share price Forecast for CGPOWER

CGPOWER's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -33%.

Reversal detection for CGPOWER

Predicted trend chart of CGPOWER tomorrow for price forecast
CGPOWER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹670 in morning tomorrow
Target 1 tomorrow675
Target 2 tomorrow679
Target 3 tomorrow684
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with CGPOWER's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if CGPOWER opens on a positive note, our first target will be ₹676.10. If Target 1 is achieved, we will aim for Target 2 which is ₹684.45.

But if CGPOWER falls below the average value of ₹669.45, you can enter a sell side position with target number 1 - ₹661.10 and second target - ₹654.45

CGPOWER's Weekly Targets
1st Up Target 681.47
2nd Up Target 695.18
1st Down Target 653.02
2nd Down Target 638.28

As the week for CGPOWER ended on bullish sentiments, we can expect further continuation of this sentiment. CGPOWER's initial target will be 681.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 653.02 in the upcoming week.

Weekly OHLC Values
Open 667.00
High 680.45
Low 652.00
Close 667.75

Week for CGPOWER started with an open price of 667.00, and the close was at 667.75. CGPOWER reached the highest of 680.45 and dipped lowest up to 652.00 last week. This indicates a bullish sentiment for the week.

CGPOWER full month swing targets
Monthly Up Target 1 709.92
Monthly Up Target 2 723.63
Monthly Down Target 1 624.57
Monthly Down Target 2 581.38

Targets of ₹709.92 can be expected to be reached in the coming month. Once CGPOWER achieved this target, we can aim for the next upside target of ₹723.63.

CGPOWER if fails to hold upside, down targets of ₹624.57 and ₹581.38 can be achieved by end of this month.

For complete three weeks if CGPOWER is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as CGPOWER

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LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

CGPOWER is expected to reach the target of 676.10 in tomorrow's trading session.

After achieving the initial target in CGPOWER, we will aim for higher targets of 684.45 tomorrow.

However, if CGPOWER starts to trade below ₹669.45, then we will shift our focus to the sell side and aim for down targets of 661.10 and 654.45.