Power grid - up trend continuation - short term trend line brokeThis is a high probability trade as the stock is respecting the major trendline & short term trend line is decisively broken.
POWERGRID trade ideas
POWERGRID_LOOKS GOOD FOR LONGPOWERGRID seems to be in a bullish mood.
(for educational purpose only)
[Diary] Powergrid Current OverviewNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
Strong trendline support,Aug 16 result date FY 2022It's a great buy with a strong trendline support
Jumped Support of 100 EMA
Target - 190
SL- 162
buy above given levelRSI is positive
MACD about to cross
breakout from 2017 levels sustained for last few weeks
Power Grid In Strong Up TrendBuy on Dips... Don't Think of Shorting this In this strong Bullish Momentum
swing trade idea for buy POWERGRIDbuying idea for POWERGRID
bounce back from suport level 228
running above 50 and 200 day moving average
Power Grid Corporation Long EntryBuy at 237 target 260 +
Sl below 220 Close
Time frame 1 or 2 weeks.
POWERGRID cup & ascending pattern B.OPOWERGRID cup & ascending pattern B.O.... This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Power Grid - LongPower Grid - Long
* Inside Bar Candle Formation
* Triangle formation
* More chances are there for moving upwards
* But still can take support at Rs.223.65 if it breaks the triangle.
* Set stop loss.
Trade and Invest Wisely with your own knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
Power Grid Corp. is very close to its resistance.Power Grid Corp. is one of the biggest company of energy sector.
It is in a trend channel from the last year, having resistance at 234 is likily to hit but it doen't seems like it will take a support on it.
keeping the large timing of the trend channel in mind it will soon cross its near resistance.
[Buddha] Powergrid Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
I will skip the sell side.
Power grid is forming Bullish Bat Pattern on daily chart.This is my analysis and I am a beginner in this I can be 100% wrong. So do your own due diligence and don't invest blindly.
