Hi guys, Sharing monthly chart of Power grid corporation i am seeing a Flag & Pole breakout formation on this provided chart and this breakout is looking gets fully matured because price gives two monthly close candles above the resistance or above previous all time closes, Apart of this i observed that after breaching the previous all time highs on monthly closing basis price makes a new top 40% higher then previous one so i am looking again a potential upside of 40% for this time too, it happened two times in past so therefore it is more likely for this time too and nothing wrong in it according to the technical analysis if we know how to mange the part of our risk so for this 225 is looking a good and strong support now on monthly chart.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
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GOOD WEEKLY CLOSE ABOVE BREAKOUT
Trade active
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WEEKLY CHART AGAIN TRENDING UP, SEEMS A RETEST ALSO DONE AFTER IDEA PUBLISH
Trade active
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FIRST READ UPDATE POSTED ABOVE. GOT A MENTIONED WEEKLY CLOSE IT DID LAST WEEK, NOW BREAKING CONSOLIDATION ON DAILY CHART AND COME INTO FRESH MOMENTUM, GAINING 6% SO FAR SINCE PUBLISHING
Trade closed manually
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Hi friends, Technically it is not possible to upadte this idea by the trading price due to allotment of bonus, Although position are still in gains along with bonus shares, But due to bonus stock's price changed from that time and the levels of support, resistance and targets are also change due to that event so closing this publication will publish a new one on Power grid
Please share your valuable feedbacks, Or can suggest some stocks for i can track or publish which you want thanks in advance
abhishek_1921me05
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@AMIT-RAJAN, Hi Can you pl suggest for "mahseamles"
AMIT-RAJAN
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@abhishek_1921me05 firstly thanks for share it is an interesting chart as stock is trading near about it's all time highs so we have to wait for fresh trade or if we have this stock already then we have to trail our stop at support levels because no one knows that how far it can go from here, mine view is only for learning as i am not sebi registred you have to ask from financial advisor before taking a trade or investment thanks.