Power Grid : Breakout from consolidation of 2 months
Idea :
The price has given breakout on 2-12-21 and consolidating in range between Rs 200-216 since two months.
Today's bullish candle broke the descending triangle resistance with substantial volume.
Indicator:
Support & Resistance, Volume , Triangle Pattern, RSI, Moving Average
Position:
Entry Rs 210, Stop Loss Rs 199 and Target 260
Thanks
The price has given breakout on 2-12-21 and consolidating in range between Rs 200-216 since two months.
Today's bullish candle broke the descending triangle resistance with substantial volume.
Indicator:
Support & Resistance, Volume , Triangle Pattern, RSI, Moving Average
Position:
Entry Rs 210, Stop Loss Rs 199 and Target 260
Thanks
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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.