Power Grid - Weekly EW - Long Set-upEither Wave 4 done or W done.
In both cases a trade till 310 looks good.
POWERGRID trade ideas
POWERGRID - very bearish after breaking out of double top
DOUBLE TOP BREAKOUT -
price of NSE:POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock
MORNING STAR CANDLESTICK -
price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock
CROSSED BELOW 200D SMA -
the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock.
TARGET -
the price will go till 301.9 level
POWERGRID Might go down?Based on the weekly and the daily chart, it looks like the closing price is taking a support on 200DMA, if it breaks the 200DMA at downside, there is a chance that the stock price might go down slowly till 260. The next support will be on 290 and 260 respectively based on the historical data. Lets see how it moves in the next 2 months.
Disclaimer: Kindly check with your financial advisor before taking any trade.
Powergrid - Good upside from trend line📊 Analysis:
Good bullish Hammer candle form on Trend line, The price is supported by the 21-EMA and 50-EMA, which are trending upwards with good volume, signaling bullish momentum.
📈 Trading Plan:
Entry: Buy above 335 (wait for a breakout above candle at least 15 min with strong volume confirmation).
Target 1: 340-345
Target 2: 360
Stop-Loss: 325 (below hammer low)
POWER GRID SWING TRADEPOWER GRID Swing Trade
Hi This Flip Zone we can see buying from this level 328.5 i taken entry
Towards 1st Target - 345 2nd Target - 363
Seller will come if breaks 322 level the its fail accrdoing to SMC
Note - Only for Education purpose . Do your own research.
POWERGRID may fall due to double top formationDOUBLE TOP FORMATION :
powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall.
Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole stock market. But after the release of the election results it has started going down again
BEARISH DIVERGENCE :
Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on 4th mar & 29th july respectively indicating strong bearish momentum for powergrid
BEARISH MACD :
macd indicator has also become extremely bearish with macd line hovering below signal line by large margin indicating bearish potential
PROFIT TARGET :
The stock will fall till 299 level which is 22 points away from the current level
POWERGRID RESISTANCE BREAKOUTPowergrid breaking resistance
with volume spike,bullish rsi
trading above 20ema
#target mentioned in chart
NOBUY/SELL RECOMENDATION
POWERGRID - TRENDLINE RESISTANCE - DAILY CHARTPOWERGRID is facing Trendline Resistance at Daily time frame. It gave Breakout and now re-testing it. It is right above the 200MA. There is probability of reversal from this level, one may keep an eye on it.
Right now at a good support. In case it goes down then it may touch 295-290 levels.
For learning and educational purposes only, not a trading advice. Please consult your financial advisor before investing.
POWERGRID 1D TFIn the previous post, I've posted that NSE:POWERGRID is in a demand zone and will retrace. But the market hit stoploss in that trade. Now we can clearly see that NSE:POWERGRID has gained liquidity and moving up. Though a strong bullish candle can be seen. This is a risky entry. Hence be cautious and look for confirmations before entering the trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Instituitional Trading with fib retracement and FVG More than 4% using Instituitional trading concept after liquidity sweep and FVG retest.
PowerGrid-1D TimeframeNSE:POWERGRID is in a uptrend in 1 month timeframe. While coming to lower timeframe, it is clear that the chart has touched the support zone for three times and hence we could go for a long position. There are two partial profits too in this analysis.As the higher timeframe chart is in uptrend, having a long position is advicable.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:POWERGRID
PowergridPowergrid
CMP 332
At crucial support zone if sustain above 325-330 then target 345 short term
W pattern in making
POWERGRID Score is 50.92, stock is technically neutral. Stocks with score above 70 are considered as technically Strong and below 35 are considered weak.
RSI is 39.6, RSI below 30 is considered oversold and above 70 overbought
MFI is 26.7, MFI below 30 is considered oversold. This implies that stock may rebound.
5 Day SMA
330.4
10 Day SMA
332.1
20 Day SMA
340.5
30 Day SMA
338.3
50 Day SMA
338.4
100 Day SMA
334.4
150 Day SMA
319.3
200 Day SMA
305.0
Stock Study: Power Grid📊 Stock Overview:
1) Trendline Since Nov 2023: Power Grid has been trending steadily, respecting a rising trendline that has been tested 4 times since November 2023.
2) Crucial Support Zone: The stock is currently trading at a critical support level where:
1) The trendline support converges with a horizontal support area.
2) This level has acted as a reversal point for the stock on three previous occasions.
🔍 Technical Indicators:
1) Trendline Support: The stock is retesting a key support trendline, which historically has provided strong buying opportunities.
2) Horizontal Support: This horizontal level has served as a pivot point, triggering rebounds multiple times in the past.
3) Volume: Check for increasing volume near this support, which would confirm a stronger likelihood of a reversal.
4) RSI: Look for the Relative Strength Index (RSI) to give an oversold signal, hinting at a possible reversal if the RSI starts turning upward.
📈 Potential Scenarios:
1) Bullish Case: If Power Grid holds above the trendline and horizontal support area, we could see another upward move as seen in past reversals.
2) Bearish Case: A breakdown below this level would invalidate the trendline, and further downside could be expected, so caution is needed.
🔑 Action Plan:
1) Entry: A potential entry point could be considered near the current support level, but keep an eye on volume and candlestick confirmations for added conviction.
2) Stop-loss: A tight stop-loss just below the trendline/horizontal support zone is advisable to limit downside risk.
Target: Previous swing highs or any key resistance levels can be used as potential targets.
Powergrid | Clear trendline support | Attractive R2R of 3:1 Buy at 330.7
SL 320.5
Target 361.25
Upside 9.24%
Downside 3.08%
R2R 2.99
Just an idea. Not a recommendation.
Rounding Bottom in Rising Channel NSE:POWERGRID is Making a Rounding Bottom near its ATH in a Rising Channel giving Respect to 100 EMA with Heavy Volumes once breaking it, it will continue its uptrend Further ahead in days to come. Keep on Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
INVERSE HEAD & SHOULDER BREAKOUTThe stock has given a strong breakout in Daily time frame.
The height of the neckline can be taken as a target
Nifty analysis and stock for short term gains-PowerGRidBased on my trendline analysis check Nifty levels for tomorrow and short term pick Powergrid
Power Grid C&H formation, target 418As shown C&H pattern is completed and with tomorrow's monthly closing above 348-350 it can target to reach towards 418 in few months. With depth of 70 points of the cup the target is 418.
Monthly close above 348 is important to take the trade.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
Buy Power Grid Corporation Short Term Trading Advice by Goodluck Capital
Buy Power Grid Corporation
Buy Range- 325 - 330
Target- 344 - 348
StopLoss- below 313
Potential Return- 6-7%
Approx trade duration 10 - 12 days
VIEW ON POWERGRIDGood chart structure
Target 360/390
Stop loss 340
I am just representing my views
For educational purpose only.
Powergrid - Bullish IdeaStrong turnaround from support area
Making HH and HLs
Breaching ATHs
Gap Up
Volume activity suggest strong momentum in coming days
Strong support zone at 335-340
Perfect recipe for bullish stock
[Swing Trade] POWERGRID 335What a beautiful pattern in 1hr tf by POWERGRID. Volume is building slowly! I will wait for the BO, retracement and then will take an entry.
DYOR - This is not a recommendation.
