POWER GRID CORP. LTD.
Long
Updated

POWER GRID CORP - Possible Breakout

303
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

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