Alpha9982

Power Grid - Start Charging with +ve

Long
NSE:POWERGRID   POWER GRID CORP
1. On daily chart with technical view I have seen bullish trendline breakout with upside move.
2. The closing price is also closed above 68% FAB retracement level which also shows positive trend.
3. MA i.e. 21-11 cross over is seen upward move.
4. RSI is near to 70 i.e. 68.

I can see 20 to 25 points upside move in near short term.

P.S. This technical analysis is my personal view and for education purpose. Before taking any action pl get advise from your financial advisor
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