Currently I have this stock in my radar. A clear breakout in such market conditions is uncommon and that is what makes Power Grid really powerful. Breakout is backed by good clean candles and volume hence it seems reliable. It will be very interesting to see how the stock behaves now as it is at ATH in such market conditions. One can clearly see from it's previous journey that every breakout has been re-tested and then reconfirmed by the bulls. I believe one can initiate a initial position here and add more at the re-test only after the confirmation at the retest that bulls are still in charge of this stock.
I would request you all to study the chart first, notice the nuances of the stock movement and then plan your entry and exit for this trade.
Like I always say, let's learn and earn together😊🍻
Have a look on daily chart and see the channel that has been formed for a quite long.
syaraban
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what's your view with todays close level?It did touched the break out level?Even this was in in my radar from 198 level.But did not make an entry?Do you think we can enter now