Power grid Heading for a breakout?
The stock has tested the Resistance region for quite a significant time.
With clear spikes in buying volumes.
On RSI, Stock has also recovered after testing the 50 line.
Promoter holding has increased by almost 10% in the last quarter.
Stock is trading a PE of 8.21 which quite similar to historical PE. But it significantly lower than the industry PE of 23.8.
A breakout above resistance supported by volumes can be a good sign to make a long position.
With clear spikes in buying volumes.
On RSI, Stock has also recovered after testing the 50 line.
Promoter holding has increased by almost 10% in the last quarter.
Stock is trading a PE of 8.21 which quite similar to historical PE. But it significantly lower than the industry PE of 23.8.
A breakout above resistance supported by volumes can be a good sign to make a long position.
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