POWERGRID - Bullish Harmonics patternBullish Harmonics pattern formation on POWERGRID. It shall give a good move now.. Let's see
POWERGRID trade ideas
POWERGRID Bullish Trade Setup POWERGRID Formed Cup & Handle Pattern wait for a proper breakout and retest and based on that, one can look for buy side entries above Previous day high.
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Powergrid LongTrade quality is High
1. It broke trend line and now trend is reversing
2. It broke key level 210 and 214.5
POWERGRIDPrice Action
Wedge Broken
Indicators
Lower Time Frame
1D Time Frame
1) Upper Bollinger Band Broken
2) RSI > 60
3) ADX Raining
4) MACD Buy signal
Higher Time Frame
1W Time Frame
MACD Buy Signal
POWERGRID LONG SETUPWeekly trend is up for powergrid
Looks like powergrid is in 3rd wave applying elliot wave concept
Daily seems to be in 5th wave of 3rd so probably we may see a last impulse move before correction
Stock has given breakout of the flag chart pattern and targets are marked based of flag widht and trend-based fibb extention
So, for new trade
Entry – 220 and if we retraced can enter around 215 level
Stoploss – 210
Targets - 226/234
POWERGRID POWERGRID is in good position to enter but watch out for the long channel resistance, will go a long way if that resistance is broken
🏁🏁🇮🇳🇮🇳 Breakout- 🇮🇳🇮🇳🚩🚩🚩The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.
POWERGRID - Triangle + Bull Flag pattern breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Expecting Breakout ✌✌✌This scrip is expected to give short Term Returns of 15-20% returns. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
Power Move of Power Grid.Trade Levels are given on the chart.
Sound Technicals and positive volume can initiate a good momentum in a few days.
power grid corporation what to do?Hello everyone
power grid corporation looking very good with volume spikes and rsi .So you may see bullishness on it in upcoming days.
This is mine own research do yours as well
My research and opinions should not be consider as an advice or tip
Thanks for now
Long Position !!The stock consolidating tightly at ATH level.
For long position entry should be above 217.
This is only for educational purpose, Do your own analyze before trade.
Nice uptrend in Powergrid Trading in an upward channel pattern. Making new higher highs and lows. Consolidation near ATH level since many days. Good above 216.5 for first target as upper TL. Can breakout the pattern as well. Levels mentioned in chart. Follow strict risk management.
Power Grid : Breakout from consolidation of 2 monthsIdea :
The price has given breakout on 2-12-21 and consolidating in range between Rs 200-216 since two months.
Today's bullish candle broke the descending triangle resistance with substantial volume.
Indicator:
Support & Resistance, Volume , Triangle Pattern, RSI, Moving Average
Position:
Entry Rs 210, Stop Loss Rs 199 and Target 260
Thanks
Power Grid Corporation Of India LimitedPower Grid Corporation Of India Limited near a fresh breakout level again..!
POWER GRID LONGMultiple hits at the resistance, looking good for an up move, in the parallel channel.
PowerGrid - Powered up Breakout of PennantPowerGrid has broken out of a Bullish Pennant with a big 5% green candle today.
This movement coincides with a crossover in the MACD indicator, signaling the commencement of an upward trend.
POWER GRID : BREAKOUT TARGET 225- 240BUY : POWERGRIP
CMP : 214
SL : 194
TARGET : 225 - 245
TIMEFRAME : 3 MONTH
Given BOLLINGER BAND SQUEEZE BREAKOUT
- Huge VOLUME Breakout
- MACD CROSSOVER"
- Very strong RSI above 60+
