Powergrid is near the resistance zone, the price is making higher high while the RSI is flat this is clear sign of RSI Bearish Divergence.
Entry
We can go short when price make strong bearish candle near the resistance zone.
Stoploss
Stoploss above the resistance zone.
Target
Target will be the next nearest support zone.
Please don't forget to like this...
Stock gives breakout on a daily timeframe .
CMP : 218
Target : 225
Stoploss : 214
This is not a buy or sell call, this analysis is shared for educational purpose.
beautiful technical formation called round formation which is bullish
stock looks good although as its belong to power dont see humoungous rally due to the sector issues
Powergrid
The stock seems to have sustained above its crucial resistance level at 218
Now it has a clear path towards 231 / 238
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take...
I first mentioned about PSEINDEX coming out of multiyear consolidation and give a major breakout during one of the video which I posted in August 2022. Link is there in related idea section and listen from 12:30 mins.
The index is on the verge of multiyear breakout and possibility of giving a highest monthly closing ever is more than ever before.
Keep scripts...
Same as torrent power power grid too indicates rsi in oversold area just look at the chart with vertical blue dotted line on 20 Jul 18, 15 may19, 18mar/24sep 20, 20jun/26sep22. Especially 26sep22 candle formation shows exit of sellers here, can go long here with good risk reward , however upside 238 is a strong supply zone once broken can see level around...
Power Grid is looking good on weekly chart by observing some factors in it likewise it breaks a falling trendline resistance strongly and gives a strong close above on it with nice gaining buying volumes and created a positive crossover divergence on MACD indictor so all things together giving a sign of coming more bullishness in it and we could see good up moves...
Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move can be expected in POWERGRID . Moreover it has...
NSE:POWERGRID
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Power Grid Corporation of India Ltd (PGRD) @breakoutlevel
Power Grid Corporation of India Ltd (PGRD) strong breakout with high volume and momemtum created in day chart.
so strong upside. BUY above 228.35 . NEXT TARGET 233, 237,242, 248 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with...
Hello Guys,
I have tried to do a MTF analysis for Powergrid, which looks very bullish to me for long term perspective . Please do watch and share your feedback in comments if this is helpful.
NSE:POWERGRID
Stock -> Powergrid
TimeFrame -> Weekly
Hello all!
Powergrid has been moving in a channel since November 2020. It's now back on its lower channel trendline and has shown a good bounceback, making it a good opportunity to go long!
There are multiple confluences that strengthen my conviction:
-Support from both 50-week EMA and 50-daily...
NSE:POWERGRID
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
