NSE:POWERGRID ZooomNSE:POWERGRID
#NSE:POWERGRID 210 CE level shared and bagged 13k till now still running !!
Daily one BO pick captured with out fail, check....
POWERGRID trade ideas
SwingWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
ATH BREAKOUT And cup handle in powergridNear ATH
Volume breakout
Good body green candle
Levels mentioned in charts
Only for educational purpose
H&S pattern has Completed and Double Top seems to be initiatedH&S pattern has Completed and Double Top seems to be initiated.
As the market trend is in steep downwards, we could see the downtrend from this level in coming trading days.
Moreover the price is travelling in a channel and now it is trading near to its resistance and testing ATH.
So put together, we could see this stock at around 190INR in coming few days.
Buy at 198 SL 191 TGT 210Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Aggressive Climbing - POWERGRID CorpsThe stock has broken a negative pattern early this year. Now aggressively making new highs.
Good buy for the short-term time frame of 3 to 6 months.
Look for intraday pullbacks for entering.
Power grid short term buyTrade based.
Near to the Day support. in hr tf market form a inverse head and shoulder pattern and also market broken the pattern.
based on that enter the trade.
Trendline TradingWhat is the Trendline Theory?
A trendline helps technical analysts determine the current direction in market prices. ... If the analyst draws a line between all three price points, they have an upward trend. The trendline drawn has a positive slope and is therefore telling the analyst to buy in the direction of the trend.
Lets us understand how Trendline Theory works with the chart given below-
So as per the above theory-
The levels mentioned in the chart (powergrid) is considered to be the right entry point to take long position in the stock, also i have tried to identify the reversal point in macd and Rsi indicator in further support of the trade setup.
Do like and comment if you have any suggestion
...thanks
Power Grid - Bullish Stock stays strong even in weak market
180 seems to be a strong support area
Seems like it will hold this area
Add positions on lower levels
Targets 220+
Swing Opportunity in PowergridGo Long above 191.35 for Targets of 199.7, and 208.05 with SL 183
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
powergrid, channel patternguys what you think about the analysis.....please share your views in the comment and follow for more pattern based swing trading ideas....i forgot to analyse the rsi indicator.....you guys can look for rsi also and can predict the market direction
PowergridHey i'm new to technical analysis of stocks so my chart might look kinda weird so i'm sorry bout that. Lemme know where and how i can improve after reviewing my chart
Thank you :)
powergrid parallel channeltake support at this level - see chart
will it take support or break?
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
POWER GRID LTDPlease strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising.
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it may bounce till 198. But better avoid until and unless no clear breakout is seen. Rest all updates will be given in the update idea section
Chart & Analysis By - ADARSH DEY
POWER GRID CORP - Possible BreakoutNSE:POWERGRID
Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart ) & Three Retests at 187 Resistance Zone.
Weekly RSI: Ranging b/w 55-60
Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm)
Possible Targets: 200 - 205
Fundamental Pros:
Good Dividend Yield: 4.15%
Low PE Ratio: 10.20 (September - 2021)
PS: Analysis Only - Not a Recommendation
POWERGRID MTFPOWERGRID MTF is breakout but volume is down not good volume so wait and retest the support line after buying and must watch volume
Wedge breakout in PowergridAfter a long travel in a wedge pattern we have got a perfect breakout here.
All set to take a long entry here and in a short span of time we will get our target.
Since after this type of breakout stocks fly like insane.
Thanks.
Sagar
POWERGRID CORP CHENNEL BERAKOUTPOWER GRID CORP CHENNEL BREAKOUT
Buy Above – 197
TG – 205
CBSL – 185
R:R – 1 : 1.2
Time : 10 to 15 Days
