Powergrid - Good upside from trend line
📊 Analysis:
Good bullish Hammer candle form on Trend line, The price is supported by the 21-EMA and 50-EMA, which are trending upwards with good volume, signaling bullish momentum.
📈 Trading Plan:
Entry: Buy above 335 (wait for a breakout above candle at least 15 min with strong volume confirmation).
Target 1: 340-345
Target 2: 360
Stop-Loss: 325 (below hammer low)
Good bullish Hammer candle form on Trend line, The price is supported by the 21-EMA and 50-EMA, which are trending upwards with good volume, signaling bullish momentum.
📈 Trading Plan:
Entry: Buy above 335 (wait for a breakout above candle at least 15 min with strong volume confirmation).
Target 1: 340-345
Target 2: 360
Stop-Loss: 325 (below hammer low)
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.