Black Friday saleUp to 70% OFF
POWER GRID CORP. LTD.
Long

POWER GRID CORP - Possible Breakout

By Thataghata
Updated
POWERGRID

Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart) & Three Retests at 187 Resistance Zone.

Weekly RSI: Ranging b/w 55-60

Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm)

Possible Targets: 200 - 205

Fundamental Pros:
Good Dividend Yield: 4.15%
Low PE Ratio: 10.20 (September - 2021)

PS: Analysis Only - Not a Recommendation
Trade active
Breakout as Suggested
Trade active
200 - Achieved
Trade closed: target reached
Fundamental AnalysisTechnical IndicatorsInside BarPOWERGRIDTrend Analysis
Thataghata

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.