acoording to my analysis the target for powergrid medium to longterm target is 304.
Many times it is not easy to spot the pattern in candle stick. So comes handy to view charts in line format. Also to have a satellite it is better to also keep track of monthly chart. We can see there is clear triangle breakout in this line chart. One can even consider it as a Pennant at this scale.
Entry 248 Exit 254 Stoploss 245 Trade with stoploss
Broke the recent support and retest has been done. We may see selling pressure at this level. Verify and trade.
look for sell setup in power gris as the raise is slow one fall looks sharp before any further rise
Power grid is forming W pattern and it can reach 271 - 273 price tomorrow
Reason for long a) Open = low b) weekly breakout c) Super trend support d) Good engulfing candle e) SL compulsory g) Volume greater than previous day
HEY ALL !! Its time to buy again powergrid @ 240-242 TARGET - 250-255-260-265-270++ Add stoploss according to your risk NOTE : TRADE AT YOUR OWN RISK
Powergrid sell side breakout happened today Good for short sell
Sell Entry only if support break,or buy if resistance break
I have drawn the big value area along with its limits and control price what observations can be made by analyzing each component? The value area inside the big value. Each value area is taking shape at price level higher than previous .This is clear indication of uptrend The control price. It has upward rise. Another indication of uptrend. Key principles of...
Hi guys, Sharing monthly chart of Power grid corporation i am seeing a Flag & Pole breakout formation on this provided chart and this breakout is looking gets fully matured because price gives two monthly close candles above the resistance or above previous all time closes, Apart of this i observed that after breaching the previous all time highs on monthly...
Power Grid: cup&Saucer break out above neckline likely to test 215+ shortly (For educational purpose only)
POWERGRID looking good at 240. Buy above given level in charts in weekly time interval. please wait for weekly candle close. NOTE- Only for Education Purpose. Please Give A Like If You Like
Reason for long a) consolidation breakout b) weekly breakout c) Mr.14 set up d) SL compulsory e) volume spurt
Important days ahead for NSE:POWERGRID .
sell near 266 sl close above 267 easy tg - 262 tg2 - 258 Disclaimer : This is my personal analysis for study purpose not intended for trading.