We can see Power Grid stock in uptrend & successfully BO the level of 173 & trading above the 50 EMA Level. Now since last 3 days stock is trading in a range. Now next big move we can see after the BO level of 183 as marked in the charts. Also we can see the minor pull back. Also on weekly chart a bearish engulfing candle has been seen. So let's wait for the complete BO before taking long entry. Target level is 190 & above 190 we can see the 200 levels in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
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Just relax call not activated..
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