POWERGRID - Breakout The stock has given good breakout and now it is retesting it's previous resistance area. So keep an eye.
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POWERGRID trade ideas
Powergrid CPowergrid is currently on its trendline there is strong possibility that it will bounce back my targets r given above hope u guys like it
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POWER GRIDPower grid Buy near 238-240 sl 223 target 262++
this is not buy sell recommendation only for educational purpose
Power Grid - Triangle BreakoutPowergrid had taken a good breakout from the ascending triangle pattern, and now it's having a retracement, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
inverted head and shoulder on POWERGRIDInverted Head and Shoulder pattern on Powergrid after taking support we can take positions.
Powergrid 243 - Support and resistance Power grid 243 - Has Support at 241,233 and resistance at 249
Swing Opportunity in Power Grid CorpGo Long above 245.6 for Targets of 267.95 and 290.3 with SL 223.25
Reason to go Long :
1. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
2. 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 0.5 Fibonacci level.
Power Grid Corp is in UptrendPower Grid can make an all time high in coming few weeks, watch this stock.
PowerGrid Weekly - BreakoutPowergrid Treneline breakout in the weekly timeframe. Entry upon retest in 230-240 range. Stoploss below the TL on DCB.
Power Grid Corporation from 13 June 2021A good Weekly Breakout with increasing volume.
MFI breakout
My RSI close --> positive
Stoc RSi --> showing good momentum
INVERTED HEAD AND SHOULDER ON POWERGRIDAn inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
INVERTED HEAD AND SHOULDER ON POWERGRID (Daily chart )An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
POWERGRID - Pre market Analysis 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Power Grid - Inverted Head and Shoulders BOStock has formed HnS on daily TF and given BO above ATH zone.
Today it re-tested the BO zone. If stock manages to stay above the zone for next few sessions and breaks 248 then can see good upside in coming weeks
2 reasons to buy1) Inverse Head and shoulder pattern
2) Resistance Breakout with retest.
Can be bought for a target of 260.
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