Power Grid In Strong Up TrendBuy on Dips... Don't Think of Shorting this In this strong Bullish Momentum
Powergrid_long
Power Grid Corporation Long EntryBuy at 237 target 260 +
Sl below 220 Close
Time frame 1 or 2 weeks.
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.
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POWER GRID CORPHi Everyone its a Trend Line chart pattern and a it is in uptrend form or bullish pattern with technical indicator "RSI"
WAIT TILL it touch blue line .
Then buy it and have good trade
power gridpower grid: 75 min chart: inhs pattern is in formation stage 238-240 strong resistance closing above 240 means its ready for 270/300 rs tgt. short term Pick
Power Grid Corporation from 13 June 2021A good Weekly Breakout with increasing volume.
MFI breakout
My RSI close --> positive
Stoc RSi --> showing good momentum
POWERGRID - A Good Pick To Go Long!As we can see in the chart, the stock has given a decent breakout from its stiff resistance. Also, it has retested this level after the breakout. Now, positionally a good pick for going low with a stop loss below 235. We might see a decent rally in this stock after a little consolidation around its current pricing. For targets, take reference of provided target lines.
2 Possibilities in POWERGRID whole All current Structure is having 2 possibilities
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DM for Enquires
Power Boosters For PowerGRID _ LONGIt may touch 190 and may even break out ..
Sentiment & Factors :
1.Upcoming Earning Results
2.US election results
3. COVID vaccine news
4. Increased Industrial Production
Indicators:
Taking RSI , Bollinger Bands and PitchFork indicators into account, Still have enough room for expansion
APF Indicators- LONGUsing pitchfork indicator:
Crossing 172 indicates significant trend reversal expect it to reach 178 then 182 -185 .....
Further Supporting Factors are current price , strength of stock , market sentiment , Sector , Previous length of down wave
Caution : This is just educational purpose only , All trading strategies are used at your own risk .
Up Trend - Take LongSeems Powergrid is significant uptrend now after few retracements . It may break 168 following 172 .
Caution : Trade at your own risk .
POWERGRID is at a crucial point NOWNSE:POWERGRID
POWERGRID is in its support region and there is a resistance from above also. So, if it break out the above pink line with heavy green candle than it may go UP
if it breaks the below support region than it may go down.
If you look properly, this same pattern is repeated multiple times in Powergrid.
This is just my analysis
DISCLAIMER : This is just my analysis for education purpose , I am not responsible for your profit or loss . Take the trade on the basis of your analysis.
NOTE: I am publishing my first idea, please give me the feedback and suggestions
#POWERGRID - DAILY chart bullish POSITIONALPOWERGRID - LONG setup
DAILY chart bullish
POSITIONAL TRADE
entry above 170
176 target is expected in short period
POWERGRID Buy signals at 172I will buy POWERGRID because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 172
Target : 191
Stop loss : 166
POWERGRID - pattern supportPowergrid has taken the pattern support, day candle looks bullish, good signs of support.
Wait for dips, to enter.
POWERGRID LONG (SWING POSITION)This is a simple trend line set up, with a very good RR.
With the large intraday correction, the prices are good for entry, and may see further upside.
Buy below 180.
SL @ 170.
Target @ 200.
The horizon for this trade is 2 weeks.
POWERGRIDSustaining above 90DEMA.
1.Pole and Flag breakout interesting ahead.
2.Ascending Triangle breakout ahead.
3. Interesting to see upthrust volume ahead.
Power Grid stock in uptrend & at BO levelWe can see Power Grid stock in uptrend & successfully BO the level of 173 & trading above the 50 EMA Level. Now since last 3 days stock is trading in a range. Now next big move we can see after the BO level of 183 as marked in the charts. Also we can see the minor pull back. Also on weekly chart a bearish engulfing candle has been seen. So let's wait for the complete BO before taking long entry. Target level is 190 & above 190 we can see the 200 levels in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
Powergrid - Go LongPowergrid is on an uptrend, and if breaks the resistance of 192, next target should be 200 in few trading sessions.
