Bullish Divergence in Weekly Time Frame. There is an opportunity to take Long Position in Daily Time Frame for Swing Trading.
Down is the word. Price below 200 DMA, Death Cross etc. Latest development is noteworthy: MCA (Ministry of Company Affairs) has initiated an enquiry into several companies which were deserted by their auditors. There can be serious issues in certain cases. Somebody inside this company knew this and sold heavily and made money.
CG Power and Industrial Technical trading call for Positional CMP 92.4 Closing based SL 89.4 Targets 95 97 Technicals: * Swing high Breakout * Triangle pattern breakout and confirmation * Half year price breakout Disclaimer: All levels are educational purpose only
BUY CG for LONG term TARGET 200-250 3-6 Moths Time
GOOD BUYING for Long term Target 180-200 3-6 Months time
CG POWER & INDS, Ending Diagonal Pattern this will test around 100 level and the will start falling impulsively towards 25 target.
Expecting Bullish Breakout - Lets test this