Swing Opportunity in Power Grid Corp
Go Long above 245.6 for Targets of 267.95 and 290.3 with SL 223.25
Reason to go Long :
1. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
Reason to go Long :
1. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
Trade active
Entry triggered on 10 June 2021
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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.
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.