Recent Price Performance and Market Context
The stock has been on a downward trajectory for the past three consecutive days, registering a cumulative loss of approximately 2.56% during this period. This decline is sharper than the broader Capital Goods sector, which itself fell by 2.02% on the same day, indicating that CG Power & Industrial Solutions is moving broadly in line with sector trends but slightly underperforming. The intraday low of ₹643, representing a 2.7% drop, underscores the selling pressure faced by the stock during the trading session.
Technical indicators further highlight the bearish sentiment. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical position...
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