POWERGRIDIm not an expert im just sharing my views on POWER GRID for tomorrow
Im not responsible for any profit or loss this is not a recommendation
POWERGRID
POWERGRIDIm not an expert im just sharing my views on POWERGRID for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Power Boosters For PowerGRID _ LONGIt may touch 190 and may even break out ..
Sentiment & Factors :
1.Upcoming Earning Results
2.US election results
3. COVID vaccine news
4. Increased Industrial Production
Indicators:
Taking RSI , Bollinger Bands and PitchFork indicators into account, Still have enough room for expansion
Power Grid - upside potential Levels mentioned on chart,
pls consult your consultant before taking any position, avoid derivatives. Buy in cash with a medium term review.
Up Trend - Take LongSeems Powergrid is significant uptrend now after few retracements . It may break 168 following 172 .
Caution : Trade at your own risk .
POWERGRID is at a crucial point NOWNSE:POWERGRID
POWERGRID is in its support region and there is a resistance from above also. So, if it break out the above pink line with heavy green candle than it may go UP
if it breaks the below support region than it may go down.
If you look properly, this same pattern is repeated multiple times in Powergrid.
This is just my analysis
DISCLAIMER : This is just my analysis for education purpose , I am not responsible for your profit or loss . Take the trade on the basis of your analysis.
NOTE: I am publishing my first idea, please give me the feedback and suggestions
Support & resistance in POWERGRID i was BANNED for violating house rule so i am republishing again without any alteration
Bought @ 177.35
Target @ 199.40
Lot size = 4000
#POWERGRID - DAILY chart bullish POSITIONALPOWERGRID - LONG setup
DAILY chart bullish
POSITIONAL TRADE
entry above 170
176 target is expected in short period
173 acts as support - look for reversalPrice exactly rejected as expected from the previous high after breaking the channel for the second time which denotes price is strongly bullish.
Now price might take support from 173 levels or channel bottom. Look for it and go long to make some bucks.
POWERGRID Buy signals at 172I will buy POWERGRID because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 172
Target : 191
Stop loss : 166
POWERGRID - pattern supportPowergrid has taken the pattern support, day candle looks bullish, good signs of support.
Wait for dips, to enter.
POWERGRIDLook For Buy (Positional)
Broke Above 200DMA + At Support
But Resistence Shown In Monthly
In Weekly & Daily It Looks Like Support
Keep Your Eyes On Index
(Risk Must Be Managed.)
Give Me A Thumbs Up...👍
--Any Suggestions--
Powergrid at resistance level.As mentioned in the chart POWERGRID is trading near the resistance level. Watch out if brks above or comes down we will have good intraday trading opportunities on both sides.
Powergrid - Positional IdeasThe stock is on consolidation mode.
A big move before earnings is pending; may happen tomorrow or on Monday.
Range is indicated on chart
Go Long above 176.8
Short below 175.4
