PowerGrid Long term bet
Updated
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
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
Note
Breakout done. Need a good closing now.
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