Cup and handle breakout in Powergrid!
Updated
Powergrid is a portfolio stock with good dividend yield and strong fundamentals.
The stock has given a breakout of cup and handle pattern with neckline of 250. The retest of the same is completed as well.
Stock can give good returns with minimum target of 300. SL can be below 246 DCB.
Idea is shared for educational purposes and should not be considered as a recommnedation.
The stock has given a breakout of cup and handle pattern with neckline of 250. The retest of the same is completed as well.
Stock can give good returns with minimum target of 300. SL can be below 246 DCB.
Idea is shared for educational purposes and should not be considered as a recommnedation.
Trade closed: stop reached
Swing SL is hit.However, the stock is still looking good positionally with SL of 230.
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