Nimish_Ghagare

Swing Opportunity in Power Grid Corp

Long
NSE:POWERGRID   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.
Trade active: Entry triggered on 10 June 2021

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