Short Term Trading Idea for Power Grid Corp Ltd.Hello everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought an idea which is for power sector leader stock. Yes it is Nifty50 stock, Please check chart aove for 1-hour chart of Power Grid Corp Ltd ., we can see a clear Inverted Head and Shoulders pattern, a bullish reversal formation indicating potential upside movement. The breakout from the neckline has already occurred, with a significant volume spike confirming the strength of the move. This breakout suggests the stock is likely to continue its upward momentum in the short term.
For entry, consider buying within the range of 272-267 with a stop loss at 262 . The first target is set at 278 , followed by 286 and a final target of 292 , offering an estimated upside of 8.5% . The strong volume during the breakout adds confidence to this trade, making it a solid short-term opportunity with a good risk-to-reward ratio. Always be mindful of price action around entry points and adjust your strategy accordingly.
I have an option trade as well for this strategy:
For option buying:- Take 265ce which is trading at 10.15, and keep strictly stop loss at 6.5 and Targets will be 12.25/14.65/17.15++
For Option writing (Sell) with hedging:- Sell 275 pe which is trading at 8.05 and buy 265 pe which is now at 3.75. ( I will suggest you to choose this strategy )
NOTE:- Please strictly follow stop loss,options trading carry huge risk and reward so trade carefully or simply go with cash trade.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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Risktoreward
ZEEL BREAKOUT FROM CHANNELKeep an eye on this stock
logic
1. Weekly trendline support
2.Channel breakout
3.Huge volumes
4. Very good R: R
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
How I Catched RR 1:14 in 1 Month | BAJAJ FINANCE In My Journal I Also Have Chart Of Entry Time
But Because Of Reputation <10 , I Am Not Able To Post It
I Entered In Date 27-Oct-2020 , Using Expiry Of Nov.26.2020 , At Price 3335
I Placed SL. At Price 3236.50
& After Holding Patiently I Catched RR Of 1:14
At The Same Time Stock Jumped 40-45% From My Entry.
While Entering My Target Was At = 3700 & I Holded It Till Now..🤑
I Hope You've Learned Something From This Post Of Mine.
Key Things About MEe.👇
I Started Trading In The Start Of Sep.2019
I Lost A Lot Of Money In Day Trading.
But Swing Trading Works Well For MEe.
I Follow Checklist Made In "Notion" While Selecting Stock.
I Journal My Trades & Also Take Screenshot While Entering & Exiting.
I Think I Have Winrate Of 50-60% RightNow.