POWERGRID trade ideas
Powergrid weekly breakoutUnless 180 breaks the stock is in uptrend. Can target 300 - 350.
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POWERGRID SHORT TERM SELL ZONE CMP 221
BEST REVERSAL OR SELL ZONE 226.5 TO 230.5
SL 236 CLOSING ABOVE
TARGETS
220/216/211/206 (MAX)
TRIPLE CONFLUENCE - GREAT POSITIONAL AND SWING SETUPHi Friends and Fellow Traders,
MUST WATCH stock.
Price Trading at 61.8% Fib Retracement
Price at long term resistance turned support zone (daily and weekly timeframe)
Price right at the UP trendline support
TRIPLE CONFLUENCE OR A COINCIDENCE ???
DEFINITE LONG ON CLOSING BASIS ABOVE 214. THIS WOULD CONFIRM PRICE ACTION AND SUBSTANTIATE THE REVERSAL OF THE SHORT TERM DOWNTREND
LET ME KNOW IF YOU HAVE TRADED THIS IDEA IN COMMENTS
Longparallel channel broke and the trend line retested
once it breaks, 216 and sustain we can see move towards upside.
Target:220
Do trade at our Risk
Long power gridPower grid showed very strong green candle after a long down trend , this can be possible sign of reversal.
AXIS BANK | POWERGRID | TRADE IDEA | 26/4/21All the reasons for the trade have been explained in the video.
----HAPPY TRADING
PowerGrid WeeklyPowerGrid looks good for entry on weekly chart for medium term investment. Breakout, Retest and continuation of up trend can be seen here.
SWING TRADE - POWERGRIDLINE SHOWS THE VALUES FOR ENTRY , EXIT & SL
TREND LINE SUPPORT BUT NO CLEAR INDICATION IN SMALLER TIME FRAME.
Power Grid Bullish Harmonic (Long Term Investment in Cash) Add in Parts
Add 30% Near 190
Add Another 30% Near 170
Support/SL 159(Daily Candle close)
Target:220,250
CMP 209
POWER GRID ON buyAfter breakout. Its down for rerace. And taking suppoet on trand line and MA.
Gud buy around 198 to 200
Sl 182
