POWERGRID LONG SETUP
Weekly trend is up for powergrid
Looks like powergrid is in 3rd wave applying elliot wave concept
Daily seems to be in 5th wave of 3rd so probably we may see a last impulse move before correction
Stock has given breakout of the flag chart pattern and targets are marked based of flag widht and trend-based fibb extention
So, for new trade
Entry – 220 and if we retraced can enter around 215 level
Stoploss – 210
Targets - 226/234
Looks like powergrid is in 3rd wave applying elliot wave concept
Daily seems to be in 5th wave of 3rd so probably we may see a last impulse move before correction
Stock has given breakout of the flag chart pattern and targets are marked based of flag widht and trend-based fibb extention
So, for new trade
Entry – 220 and if we retraced can enter around 215 level
Stoploss – 210
Targets - 226/234
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.