Big breakout in all power stocksAfter 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.
Powersector
HBL POWER--> Can continue the trend?Sitting right around the trendline could be a make or break for the script this week
NMDC BULLISH SYMMETRICAL TRIANGLE WAIT FOR BREAKOUT AND ENTER
1.SYMMETRICAL TRIANGLE
2.OVERALL POWER SECTOR LOOKING BULLISH
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GENUSPOWERGENUSPOWER (Daily):- 69.45 CMP, looks good for more upside :)
1) Daily Breakout :)
2) Huge Volume Breakout
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.
Adani Power Near Pennant Or Flag BONear Pennant Or Flag Breakout
Buy On Any Day Close Above 107
Strict SL - 89.9 (DCB)
Target - 155
NTPC showing good signs for positional buy above 115NTPC is showing positive sign to take next leap of growth and looking as promising stock for SIP or short - mid term holding.
Chart has been analyzed on Weekly Time frame... portraying good movement after trendline breakout and expect price to pickup it momentum, if price on daily time frame closes above 115
We feel it's an ideal BUY and HOLD stock for short term to mid term (3 to 6 months) and recommended to buy on Weekly SIP or buy at different intervals. Given the market positive market sentiment for SEG sector, the stock might get additional push to propel the growth.
Feedback are welcome... Happy Trading > Investing > Wealth Creation.
PowerGrid | Decsending triangle Pattern | Initiate Buy After the impulsive wave 1 it has consolidated forming the descending triangle and Wave 2 will start soon.
Most of the technicians prefer to buy when it starts forming wave 2. The reason to initiate buy now is that this stock has good fundamentals with rising EPS and Debt is also less with Rising revenue. Moreover, I prefer to buy now as the Risk to reward ratio at this stage is also good.
