mr-sky

Stock analysis of power grid.

Long
NSE:POWERGRID   POWER GRID CORP
Share is taking support of trend line and in attempt of breaking resistance level of ₹172.75 and if breaks than the price will try to break ₹188.75 levels. If it fall in next trading session the stock is likely to test the support level of ₹159.7 RSI on daily chart is neutral however the stock has given closing above previous close and with higher volume .
Trade active: Price has closed in red for 2 consecutive days but the stock is quite above the support level of ₹159.7. If the market is weak tomorrow than the stock can go till ₹160.

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