Cyber Monday saleUp to 70% OFF
POWER GRID CORP. LTD.
Long

Powergrid Long opportunity

By Traders_Town
POWERGRID
Stock -> Powergrid

TimeFrame -> Weekly

Hello all!

Powergrid has been moving in a channel since November 2020. It's now back on its lower channel trendline and has shown a good bounceback, making it a good opportunity to go long!

There are multiple confluences that strengthen my conviction:
-Support from both 50-week EMA and 50-daily EMA.
-Support from 200-day EMA
-Stock trading above its support zone

*NOT A CALL*
Chart PatternsEMASTechnical IndicatorsNIFTYPOWERGRIDswingtradingTechnical AnalysisTrend Analysis
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