POWERGRID CORP.| BUY | SYMMETRICAL TRIANGLE PATTERN |POWERGRID CORP.
--> TODAY IN POWERGRID, MORE THAN 43% DELIVERY POSITIONS HAVE BEEN ADDED, MOREOVER THERE IS A SYMMETRICAL TRIANGLE PATTERN IS FORMING. SO, HERE I BEILIEVES THAT IT WILL BREAK THE UPPER LEVELS AND WILL FGO UP.
--> HEY GUYS IF YOU AGREE WITH MY VIEW THEN PLEASE LIKE AND FOLLOW, OTHERWISE PLEASE COMMENT AND HELP TO IMPROVE ME.
T HANKS FOR YOUR TIME..
Resistence
NSE: HDFC Bank Possible Long for 2218NSE: HDFC Bank Possible Long for 2218
HDFC Bank 1 year trend position and continue on long side
Pullback from 1892 level continue
Stock is hovering around 2136 level and making attempt to break resistance
Break out above 2136 resistance triangle looks possible
Possible long at current level with stop loss 2071 and target 2218 +
2071 seems to be a strong support level
Use stop loss and trail stop loss
NSE: Kotak Bank Possible Long for resistance break above 1268NSE: Kotak Bank Possible Long for resistance break above 1268
From High of 1408 on July 19 to Low of 1133 on Sept 28
Pull back is in progress with triangle pattern
Today closed above 61.8 retracement level from 1408 fall.
Level 1268 looks like resistance.
Possible Long for resistance break to take 1321 level,
Further break above triangle can touch 1400 level
Stop loss @ 1200
Use stop loss and trail stop loss
PVR | RSI+RESISTENCE | EDUCATIONHere I used EMA , KAMA & RSI.
at a 1450 level, a very strong resistance is there.
We can see the RSI & chart pattern is complementing each other very well.
it looks like the bullish trend is very strong so it can take some time to reverse.