POWERGRID trade ideas
POWER GRID CORPHI its a flag pattern and market is in uptrend u can tell the buy point then u can buy it
NOT A MORNING STAR SIGNALpeople often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
POWERGRID HANDLE FORMATION IS IN PROGRESSPOWERGRID HANDLE FORMATION IS IN PROGRESS
A green candle will confirm the uptrend.
VMA is still showing positive sign,
Stock is is accumulation zone between 219 to 224
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Power Gridany close above 237 on daily basis or once the stock crosses the mark or 240 will be a definite move for 10 to 15 points buy it above 237 with a stop loss of 230 for targets of 250 and 255
Powergrid 234 was a breakoutAs per technical analysis , 234 was a breakout and it was covering perfect trendling to give a expected breakout. you can use the fibonacci retracement for this type of chart to get the levels. Breakout also have some resistance in above level which can also be trace from fibonacci. Fibonacci is math term which is a series of number created by doing same action between next number n previous ans
0 1 1 2 3 5 8 13 .....
in above series by adding two number we are getting next number .... in fibonaci retracement we get levels by dividing above fibonacci series
0/1 = 0
1/1 = 1
1/2 = 0.5
2/3 = 0.618 ...
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Wait and watch-
stock having strong positive trend rsi on daily, weekly and monthly
Need to breakout previous high on daily timeframe
Monthly and weekly price action is very positive
POWERGRIDHello Traders,
I see a long opportunity here! keep a check on levels!!
BUY Oppurtunity ***POWERGRID*** at 222 for Targets 225/228/ with SL Placed at 218
Keep watch this space for more such ideas !!
Happy trading !
Regards,
Mind-Muscle
POWERGRID | MULTI TIME FRAME ANALYSIS FOR POSITIONAL SETUPBUY ON CHANNELS downtrend line and sell on its top if it maintains to be above these levels by the end of the month = monthly breakout = u can hold it for a little more :)
Happy trading
POWERGRID - Good Buy for Short Term & Longterm Both Hello Everyone, I Don't usually share much chart analysis, as I'm still a newbie, But am a bit confident on this so sharing it with the community for your feedback.
CMP :- 211.15
Script Name :- Powergrid
Power Grid Corporation of India Limited, is an Indian government electricity board and a Maharatna Public Sector Undertaking owned by the Ministry of Power, Government of India which is headquartered in Gurugram, India, and engaged mainly in Transmission of Power.
Details are mentioned in the chart.
Please share your valuable feedback which will help me improve my analysis.
