Powergridtrend
CHANNEL BREAKOUT IN POWERGRIDHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move can be expected in POWERGRID . Moreover it has consolidated near the channel high many days before breakout.
Keep trading ❤️
Hustle hard ✅
Power Grid Chart Analysis !!📈 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 it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Powergrid - Likely breakout, small targetChart 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.
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
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