New Delhi: The market was also auspicious on Tuesday. Shares of CG Power & Industries Solution (NSE Code – CGPOWER) saw tremendous growth. Its stock rose as much as 3 per cent. The stock has seen a gain of about 3% amid fresh buying. Recently the Mumbai based company has announced that it sees a huge opportunity in the EV segment in the domestic market in the coming days. The company has announced huge capex plans. After this announcement, the company’s shares have become a rocket.
Technically, countries have got to see the stock trend in this stock. The company has seen a gain of 20 per cent in the last 4 weeks. The stock has touched a fresh lifetime high of Rs 315.40 on the NSE. The 14 period RSI (69.22) is showing signs of strength in the stock. Trend indicator ADX (28.96) is showing signs of a bullish crossover. At the same time, other oscillators and key moving averages are also showing an uptrend in the stock. The key supporters are showing the Rs 300 level of the stock. The medium-term resistance of the Fibonacci Extension lies at $330. This stock has proved itself as a multibagger stock in the last three years. This stock has given more than 3300% return to its investors. Long term investors can track this stock for the upcoming trading session. This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
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