Powergrid_short
Powergrid RSI Bearish Divergence at Resistance ZonePowergrid is near the resistance zone, the price is making higher high while the RSI is flat this is clear sign of RSI Bearish Divergence.
Entry
We can go short when price make strong bearish candle near the resistance zone.
Stoploss
Stoploss above the resistance zone.
Target
Target will be the next nearest support zone.
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Power Grid Channel Support BrokenLike a lot of stocks in this correction and volatility, Power Grid has broken its long term support line. It is a SHORT/SELL. A Lower Top formation would give a clear sign of how long this correction can be. If however, the chart bounces back above its channel in the next 2-4 trading sessions, there might be some respite.
POWER GRID AT PROFIT BOOKING ZONEHEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...
THANK YOU...
~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only...
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
Power Grid losing it's powerpower grid is looking weak below 189
1:a short entry can be made below 188.5 for positional targets of 185-184 and 175-174 sl:-191.5
2:Risk Reward Ratio:-1.75
3:do share your thoughts in comment section
4:these are our personal views please take up the trade with a space and acceptance that it may go wrong
also please consult your financial advisor as i am not a SEBI certified advisor
5:i repeat consult your advisor before taking up a trade we are not responsible
Let's HOPE things go on our side
Thanks for reading have a good day