Stock is showing strong support on 50% zone. Expecting it to retrace to 220 zone. stop loss should be immediate lower Fibonacci level
It has been observed on day chart that Power Grid has been trading within channels. Please use this as a reference in addition to your analysis. Regards, tRex
Powergrid can give a long breakout abv 213.50 It can be longed for the tgt 215.60-216 today with a safe line at 212.25.
Symmetric Triangle on Powergrid and it may break either side. Trade: Long Entry - above 218.50 Target - 225 Stop loss - 214 Short Entry - below 215 Target - 209.50 Stop loss - 219
The CNXENERGY index is showing ominous signs. These stocks haven't been doing too well recently but have enjoyed a sustained uptrend. It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started. For more thorough analysis, check out my daily NSE dashboards at rpubs.com
Price has gotten above the 50-DMA and also took support at this average couple of days ago. Trend looks bullish and I am watching this stock for a long entry.
Buy on trendline break or close above 206, stop loss @203 - Target 212
Short Setup: Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50 Buy Setup: Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
It is been observed that the price action is breaking out from a range formed on the 30 mins/hourly chart. It shall further boost the price action and reach to next resistance levels. Target: 200 Stoploss: 193
for educational purpose only - powergrid has respected fib level 0.618 Rs.188.5. so a bounce back upto 196-198 may be seen.
Powergrid is making all- time highs and a possible extension of it by breaking out.
CMP - Buy at 203.8 Stop Loss - 203 Target - Ride it till it touches yellow .
Powergrid is giving short breakout, below 187.60 it can go the level 185.30/183.60 if do not break 189.60 on upside.
Powergrid is giving a long breakout above 187.20. Keep a watch for the level 187.20, if it breaks 187.20 then it can move to 189 on the upside, condition that it do not break 185.80 on downside.
last time when a posted power grid that time it reached the stop loss.. that time as well the price action formed the abcde correction pattern which still remains but in larger degree. enter when price closed below 176.