varadtambolkar

PowerGrid Long term bet

Long
varadtambolkar Updated   
NSE:POWERGRID   POWER GRID CORP
Follow on previous daily view.

It became volatile after the previous idea was posted, came down but didn't made a new swing low. So the trend is intact.

Again this is monthly chart, enter in parts only. Even if you enter now sl comes around 150 on monthly close basis, which is only 25% .

From long term point of view this is extremely low Risk set up

Expecting a breakout in this or new next 1 or 2 months.

checked attached link for previous idea.

All observations on chart
Comment:

Breakout done. Need a good closing now.

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.