NIFTY 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...
Swing trader mush include this trade in the portfolio. with a stoploss of 175 for the target of 5-10% NSE:POWERGRID
POWERGRID has broken out of an Inverse Head and Shoulders Pattern on Daily Timeframe give us a good indication of a bull move. Let me know in comments what do you think about this!
standing on the 5month strong resistance and it could be massive move above 177 it is really going to move like hell
chart is self explanatory. target seems 244 /- and stop loss 277 /- current prce 233.50
POWERGRID seems to be in a bullish mood. (for educational purpose only)
RSI is positive MACD about to cross breakout from 2017 levels sustained for last few weeks
Buy on Dips... Don't Think of Shorting this In this strong Bullish Momentum
Buy at 237 target 260 + Sl below 220 Close Time frame 1 or 2 weeks.
Power 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...
Power Grid Corp. is one of the biggest company of energy sector. It is in a trend channel from the last year, having resistance at 234 is likily to hit but it doen't seems like it will take a support on it. keeping the large timing of the trend channel in mind it will soon cross its near resistance.
I will buy Power grid because : It has been taking support at the trend line . It has touched the support and has not been able to break it. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 227/224 Target : 251 Stop loss : 221
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Powergrid 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...