Recently listed oneThis one is making confusing moves (for my understanding) on daily chart.
Candles looks pretty but volume of last 2 day declined.
Candles showing uptrend but this may be false breakout.
If volumes are generated good in coming days then good buying opportunity.
This is not a high beta stock.
This post is for information purpose only.
POWERGRID
#POWERGRID CMP236Target258 #ADANIPOWER #TATAPOWER #RPOWER #NIFTYWeekly Chart
#POWERGRID
NSE: POWERGRID
Short Term Quick Profit
CMP 236.25
Target : 258
SL : 226
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
POWERGRID - Good Buy for Short Term & Longterm Both Hello Everyone, I Don't usually share much chart analysis, as I'm still a newbie, But am a bit confident on this so sharing it with the community for your feedback.
CMP :- 211.15
Script Name :- Powergrid
Power Grid Corporation of India Limited, is an Indian government electricity board and a Maharatna Public Sector Undertaking owned by the Ministry of Power, Government of India which is headquartered in Gurugram, India, and engaged mainly in Transmission of Power.
Details are mentioned in the chart.
Please share your valuable feedback which will help me improve my analysis.
Powergrid weekly breakoutUnless 180 breaks the stock is in uptrend. Can target 300 - 350.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Power Grid Corporation - Friday Trade | SwingStock has taken support multiple times at Trendline in the past. If breaks TL tomorrow then can consider targets of 213, 211 & 207 in coming sessions (Intraday and Swing)
However if bounces from support tomorrow and crosses 218.50 then can consider for long positions (Intraday only)






















