POWERGRID | Flag consolidation - Looks good for 16% Long

POWER GRID CORPNSE

Description

⋅ Dec 14, 2020 7:47 AM

POWERGRID | Flag consolidation - Can see good breakout in 1-2 days. Looks good for 16%

CMP : 193.50 (Dip till 190)
SL : 185
Target : 215, 225

Almost 1:5 risk reward setup.

Trade closed: target reached

⋅ Feb 9, 2021 12:31 PM

Comments

dlknrao

⋅ Dec 18, 2020 4:17 PM

Dear Srikartiram,
Is this pattern still valid. I'm holding on this position after the post by you. Suggest.

srikartiram

⋅ Dec 19, 2020 5:41 AM

@dlknrao, Yes it is still valid. Only weak below 185.

MAX-2534

⋅ Jan 2, 2021 7:08 PM

e laval se buy kare ....???

srikartiram

⋅ Jan 3, 2021 2:39 AM

@max2534, yes

Swapnil1218

⋅ Jan 30, 2021 6:25 AM

Hey Sri, do you think we should still hold the position at 184.45???

srikartiram

⋅ Jan 30, 2021 6:28 AM

@Swapnil1218,

Hi, NIFTY is weak. Most of the stocks are bearish. During budget day there could be a spike in some stocks, use them and sell this kind of stocks.

We can take all the new positions after the market is stablized. I'm expecting 13150.

Swapnil1218

⋅ Jan 30, 2021 8:13 AM

@srikartiram,

Thanks man...

Swapnil1218

⋅ Jan 30, 2021 10:26 PM

@srikartiram,

Great bro... following your ideas and charts have helped me a lot to learn more about stock market... I still try to do all the fundamental analysis before committing myself into any trade... heaps of thanks Sri... keep up the excellent work you do...