POWERGRID trade ideas
V for VendettaAfter taking the stop loss by few pips, Powergrid went long in last Ideas " Who moved my CUBE?" 158 to 190. now again stock has given another low risk high reward opportunity. This is a V type of Setup. To understand this setup tutorial on V type of trade was posted and is available in published idea section.
Though market is looking very bullish but still going by the system, V type trade opportunity cannot be avoided, hence from market's perspective keeping the idea title as "V for Vendetta". Stop loss will be few pips above last high 191.00 (i.e. 193-189=4 points stop loss). This zone is supply zone also hence going by the general wisdom of market geometry mentioned below the 1st Target can be median line of pitchfork.
"Don’t try and sell the TOP, Wait for a reaction and if it is not a strong reaction (if it does not take the high) then sell the reaction high.
"This is my trading journal, not a trade recommendation. I will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
PowerGrid Resistance BreakoutPowergrid attempting 52 Week high... Buy above 191 for target of 200 and 210 by keeping stop loss of 180
Power Grid at important Support LevelPositional call: Power Grid Buy range 155 -158, sl DCB 150. Targets 170/190
Power Grid at demand zone.
@trader_karthik
POWERGRIDIm not an expert im just sharing my views on POWER GRID for tomorrow
Im not responsible for any profit or loss this is not a recommendation
POWERGRIDIm not an expert im just sharing my views on POWERGRID for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Power Boosters For PowerGRID _ LONGIt may touch 190 and may even break out ..
Sentiment & Factors :
1.Upcoming Earning Results
2.US election results
3. COVID vaccine news
4. Increased Industrial Production
Indicators:
Taking RSI , Bollinger Bands and PitchFork indicators into account, Still have enough room for expansion
SYMMETRIC TRIANGLE FORMATION IN UPTREND POSITIONAL BUY @ 178🎢 , WITH SL 173 - BASED ON SYMMETRIC TRIANGLE FORMATION
disclaimer - do your own study before investing.
[Buddha] POWERGRID Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Power Grid : IntradayBuy around 176~177
With SL below 174
For targets of 180, 184
One can plan the trade based on own style and RRR comfort
[Buddha] POWERGRID Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
APF Indicators- LONGUsing pitchfork indicator:
Crossing 172 indicates significant trend reversal expect it to reach 178 then 182 -185 .....
Further Supporting Factors are current price , strength of stock , market sentiment , Sector , Previous length of down wave
Caution : This is just educational purpose only , All trading strategies are used at your own risk .
Power Grid - upside potential Levels mentioned on chart,
pls consult your consultant before taking any position, avoid derivatives. Buy in cash with a medium term review.
Powergrid parallel channel BreakoutDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
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Long on dips towards 168-166 SL 162 Positional target 180
Long term target 220 SL 154
Up Trend - Take LongSeems Powergrid is significant uptrend now after few retracements . It may break 168 following 172 .
Caution : Trade at your own risk .
POWER GRID breached the upper trendline. Is bullish?Power Grid was in down trend and has given a breakout above channel. Seems positive. Stop Loss / Support line to be considered
POWERGRID Last 45 min buyingChannel breakout reversal signs in higher time frame 1D chart
Last 45 min buying stock will open gap up
i can see short covering in Futures
