📊 Pattern: Rising Channel
📌 Symbol/Asset: Power Grid Corporation
🔍 Description: The target of multiple patterns is pending, stock bounced back from solid support.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Power Grid Corporation of India Ltd (PGRD) @breakoutlevel
Power Grid Corporation of India Ltd (PGRD) strong breakout with high volume and momemtum created in day chart.
so strong upside. BUY above 228.35 . NEXT TARGET 233, 237,242, 248 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with...
📈 Power Grid 📉
This Stock Broke out from a Resistance zone of 216-218 after testing three times this range on upside with a strong green candle.
Bias - Long
Target - 250
SL - 1394
RR- 1 : 1
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
After a long time stocks like NSE:TATAPOWER and NSE:POWERGRID given a big breakout with a large volume in its daily chart. You can go for long in powergrid with the stop loss of its last support line.
Stock has formed HnS on daily TF and given BO above ATH zone.
Today it re-tested the BO zone. If stock manages to stay above the zone for next few sessions and breaks 248 then can see good upside in coming weeks
Buy Call - Date: 25 July 2019:
Flag Pattern breakout today on Daily and can also observed on Weekly chart with strong buying volumes in the last 3 days and last 9 weeks (weekly chart).
Target- T1: 220, T2: 230, T3: 240;
SL: 200.
Risk to Reward Ratio = 1:2
