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POWERGRID

Nifty clears 16350 and closes at ATHNIFTY 50 EOD ANALYSIS -12-08-21 IN SUMMARY O 16,303.65 H 16,375.50 L 16,286.90 C 16,364.40 From P Close 82.15 H-L 88.60 VIX 12.37 FII -212 DII 307 Net Crores 95 CHART BASED CONCLUSIONS Nifty finally cleared all the hurdles and closed past 16350 at 16364.4 which is an ATH close. It ended 11 points below the day’s high which is a good sign. Nifty opened Gap-up mildly and then there was almost a retest of the P Close and then it never looked back and kept crawling upwards with the weekly expiry jerks in between. Although Nifty has made an ATH close, the volumes are not high which is not a good sign. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters of Nifty Points Contributed ICICI BANK 11 LT 10 INFOSYS 9 TECH M 8 TATA MOTORS 7 45 Top 5 Draggers of Nifty Points Contributed EICHER MOTORS 6 RELIANCE 5 AXIS BANK 2 GRASIM 1 IOC 1 15 Lift - Drag 30 POSITIVES Nifty made an ATH close near day high. Advances to Decline ratio is almost 4:1. HDFC BANK managed to close today above 1500. HDFC twins, TATA MOTORS, ICICI BANK, and KOTAK BANK led with good moves. NEGATIVES RELIANCE closed below P Close. It has the tendency to not perform when most of the market is performing. AXIS BANK, SBIN, and MARUTI kept the pressure on the sell-side. BANK NIFTY failed to close above 36000 though it made good efforts. TRADING RANGE FOR W/B 13-8-21 Nifty broad range for the week 16000-16500. As of now, it has not made any significant movement from where one could derive the likely supports and resistances. BANK NIFTY support base at 35200-600 and resistance at 36200-36500. INSIGHT / OBSERVATIONS It was an uneventful expiry as all the drama and excitement happened on the Volatile Wednesday. FTSE was negative and yet Nifty has managed to close at ATH with a good sustained move. If the US markets do not end in green, Nifty may witness high VIX actions. The weekly candle as of now appears to be range-bound indicating that there is still a breakout or breakdown in the offing. The vols are not good enough for a bull market. And tomorrow is Friday, the 13th! Thank you, and Happy Money Making! Umesh 10-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title as well as its contents can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Power Grid - LongPower Grid - Long * Inside Bar Candle Formation * Triangle formation * More chances are there for moving upwards * But still can take support at Rs.223.65 if it breaks the triangle. * Set stop loss. Trade and Invest Wisely with your own knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins . ***
NSE:POWERGRIDLong
by pmosesoliver
CASTROL 💧💧 - Quick Swing 8 % 🌱MACD crash alert Narrow range Check these Upcoming ideas - still active Check these successful trades & approach on HINDZINC , ITC , ADANIPORT SPL ,AIRTEL If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together Take trade as per the values given in Fibonacci. always trail the stop loss. Do your own analysis before taking trade
NSE:CASTROLINDLong
by thestockengineer
Power Grid - extreme bearishnessPowergrid Corp seems so bearishness with very less buyers, so give an entry with an appropriate Stop loss on the downside 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:POWERGRIDShort
by PrakWorld_Traders
Power grid Heading for a breakout?The stock has tested the Resistance region for quite a significant time. With clear spikes in buying volumes. On RSI, Stock has also recovered after testing the 50 line. Promoter holding has increased by almost 10% in the last quarter. Stock is trading a PE of 8.21 which quite similar to historical PE. But it significantly lower than the industry PE of 23.8. A breakout above resistance supported by volumes can be a good sign to make a long position.
NSE:POWERGRID
by ontropronor06
2