The earlier posted cup and handle pattern on Powergrid has not materialised. The stock has moved sideways and the pattern now looks like a ending diagonal. On the long term charts the rally from Mar '20 can be counted as a completed 5 wave structure. A break below the lower trendline of the diagonal pattern can accelerate a down move to 175 levels in short...
POWERGRID Formed Cup & Handle Pattern wait for a proper breakout and retest and based on that, one can look for buy side entries above Previous day high. Please HIT the like button, this motivates us to make more such analysis. For more such trading content follow us on ( @tradechefofficial )
Price Action Wedge Broken Indicators Lower Time Frame 1D Time Frame 1) Upper Bollinger Band Broken 2) RSI > 60 3) ADX Raining 4) MACD Buy signal Higher Time Frame 1W Time Frame MACD Buy Signal
POWERGRID is in good position to enter but watch out for the long channel resistance, will go a long way if that resistance is broken
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Powergrid is breaking out of a cup and handle pattern. The C&H is one of the most reliable patterns during an uptrend. The stock has been trading above its 200 DMA for several months now and is in a clear uptrend. The breakout is on above average volumes and is added confirmation. Look for a good rally yesterday's low holds
CMP: 215 Near All Time High. Descending Triangle pattern breakout with volume.
Multiple hits at the resistance, looking good for an up move, in the parallel channel.
The energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement. The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally. The RSI stands...
Why this Trade..?? 1. FLAG Pattern Buy or Sell based on the Support Break with Volume Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Power Grid Corp. of India Ltd one of the most active stocks in NIFTY50, from the last few months it continues the up trend and look into the daily chart it clearly respecting the trend line. 28th sep the price action was formed Break out(180) with good volume. It created a new high at (209). After it came back and retested the line it indicated strength (180)...
POWERGRID buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy
Powergrid important levels for swing trading Level 1 = 167 Level 2 = 118 Level 3 = 68
beautiful rounding bottom formation in the daily chart, you can buy this share for the target price is 240 level. before investing please contact your finacial advisor
NSE:POWERGRID #NSE:POWERGRID 210 CE level shared and bagged 13k till now still running !! Daily one BO pick captured with out fail, check....
What is the Trendline Theory? A trendline helps technical analysts determine the current direction in market prices. ... If the analyst draws a line between all three price points, they have an upward trend. The trendline drawn has a positive slope and is therefore telling the analyst to buy in the direction of the trend. Lets us understand how Trendline Theory...
Stock stays strong even in weak market 180 seems to be a strong support area Seems like it will hold this area Add positions on lower levels Targets 220+
Please strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising. It has recently touched the Monthly High TL. The downside reversal is confirmed by a Bearish Wolfe Wave. May be in short term it may bounce till 198. But better avoid...