Buy Power grid between 230-232
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Power Grid (BSE) is in a Bullish Shark Pattern.
The pattern has, however, not concluded as of yet, and is expected to continue till October 26th, 2020, post which the stock can witness a Bullish Breakout.
In the one month leading up to the Breakout, a fall of about 5.1% can be expected (from the Current Market Price), after which the Bullish upturn can be expected.
Date of Trade (Time if applicable): 25 March 2017
Entry Date: Buy Stop
Long/ Short: Long
Current Price: 196.75
Entry Price: 198.23
Time Frame: Daily
About the company
Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with...
It is been observed that the price action is breaking out from a range formed on the 30 mins/hourly chart. It shall further boost the price action and reach to next resistance levels.