There is breakout and last kiss in Power Grid Corp in Weekly & Daily chart If Nifty trend remains up then it would go higher
SL 197 as per your risk management Sell below 195 Targets 191, 188, 184, 180, 178, 176, 174
stop loss 197 right price to buy good pullback is done ,go for it. 1st target 226 2nd target 234 3rd target 248 Disclaimer: All posts/views are for educational purpose only..!! Kindly contact financial advisor before taking position/decision.
I see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
POWERGRID (Power Grid Corporation of India Limited) SELL BELOW 206
IT HAS A CHANCE TO GO UPTO RS215 WHICH IS R1 LINE.AFTER DAT BKOZ OF OVER BOUGHT IT HAS A CHANCE TO COME DOWN.
POWERGRID (Power Grid Corporation of India Limited) BUY ABOVE 212
POWER GRID ABOVE 203 IS SAFE ENTRY OR ELSE IN RETRACEMENT CAN BE ACCUMULATE AT MENTIONED LEVAL ( GREEN ) IN CHART
it is not breaking for downside and holding 170 levels so it can be bought for 225 level or upto channels top with stoploss of 177.
POWERGRID you can buy above 191.6 1st Target is 193
one should not trade in range bound market trading in trending market gives good results refer chart for details
PowerGird broke structure