Top Trending Stock: Market in the red zone on Mars, which stock fills investors’ pockets? –

Top Trending Stocks: Today in the stock market, there is a special interest in buying shares of multibagger stock CGPOWER. CGPOWER’s stock rose nearly 4 percent during the early trading session on Tuesday. It touched Rs 318.40 on NSE today. This is the all-time high price for this stock. A look at the average shows that its volume has increased a lot. Also this stock has shown strong buying activity. CGPOWER Company is primarily engaged in providing electrical equipment design and manufacturing and allied services solutions. CGPOWER posted a revenue growth of 14.47 percent to Rs 1775.44 crore in the last one year.

Technically, the stock has made a strong price volume breakout from its consolidation pattern with good volume. As per 14-period daily RSI (68.02) the positive price structure is supported by rising strength of the stock which is in bullish zone. MACD indicated a bullish crossover, while rising OBV indicated strong volumetric strength. The relative position of the stock is greater than zero, which indicates the potential of this stock to outperform the current conditions of the stock market. Overall, the stock can be a great boon for traders. Over the past year, the stock has generated over 75 percent return to its shareholders. Investors can keep an eye on this stock for the upcoming trading session.

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