Powergrid Positional View !!
Updated
POWERGRID : cmp : 173.5
A falling supply trendline breakout could be possible in D & W chart.
If it surpass and suatains above 175 lvl a huge short covering possible.
Good base formed near 168-170 lvl . So downside limited.
On the verge of BO.RSI & MFI trending up.
Good to accumulate in this lvl.
TGT may be 181.4/188
Sl 170.5 Dclbs
Positional TGT 206
SL 166 Dclbs
Option Strategy : Buy Sept 170CE/172.5CE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
A falling supply trendline breakout could be possible in D & W chart.
If it surpass and suatains above 175 lvl a huge short covering possible.
Good base formed near 168-170 lvl . So downside limited.
On the verge of BO.RSI & MFI trending up.
Good to accumulate in this lvl.
TGT may be 181.4/188
Sl 170.5 Dclbs
Positional TGT 206
SL 166 Dclbs
Option Strategy : Buy Sept 170CE/172.5CE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Trade active
1st tgt achieved.Trade active
2nd tgt achieved. only positional left
Related publications
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.