POWERGRID trade ideas
#43 POWER GRID WILL BECOME POWER STAR $#43 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls, dabur, tata power.
Leave a comment that is helpful or encouraging. Let's master the markets together
POWERGRID - A Good Pick To Go Long!As we can see in the chart, the stock has given a decent breakout from its stiff resistance. Also, it has retested this level after the breakout. Now, positionally a good pick for going low with a stop loss below 235. We might see a decent rally in this stock after a little consolidation around its current pricing. For targets, take reference of provided target lines.
Power grid LongPower grid Long
Inverse Head and Shoulders pattern found
Buy at- 235
SL- 224
Target- 253, 262, 274
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
POWERGRIND pattern formation the stock is forming a inverted head and shoulder pattern , on a daily time frame
basically , inverted H&S patterns give a strong breakout than the Regular H&S , so just watch out for it
Do note that this is my analysis and is for education purpose only .
POWER GRID FOUND FLAG PATTERN - BULLISH IN SHORT TERMPower grid stocks chart bullish Flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction.
looks good if the above level is taken outlogic - we can clearly see that the stock is forming higher highs. and multiple rejection. once the level is taken out I can enter with proper risk . short term trading
PowerGrid is at edge of breakout.PowerGrid is at edge of breakout. You can enter after breakout above 240.
Power Grid - Cup and Handle - BreakoutMedium Term Trade(3-4 months): Power grid corporation of India is on the verge of breaking out of a cup and handle pattern.
Buy: Power Grid
CMP: 236
Target: 275
Stop Loss: 223
Stock for tomorrow Powergrid ready to break resistance levelPower grid seems good with bullish trend and ready to break resistance level.
Levels marked on chart
Target 3-6 % can be noted based on market situation.
POWERGRID | Reverse Head & Shoulder PatternCan go long above 240 levels after a pullback. The stock has formed a reverse head and shoulder pattern and looks good for the short term.
#POWERGRID CMP236Target258 #ADANIPOWER #TATAPOWER #RPOWER #NIFTYWeekly Chart
#POWERGRID
NSE: POWERGRID
Short Term Quick Profit
CMP 236.25
Target : 258
SL : 226
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
