#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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.