POWERGRID trade ideas
POWERGRID is at a crucial point NOWNSE:POWERGRID
POWERGRID is in its support region and there is a resistance from above also. So, if it break out the above pink line with heavy green candle than it may go UP
if it breaks the below support region than it may go down.
If you look properly, this same pattern is repeated multiple times in Powergrid.
This is just my analysis
DISCLAIMER : This is just my analysis for education purpose , I am not responsible for your profit or loss . Take the trade on the basis of your analysis.
NOTE: I am publishing my first idea, please give me the feedback and suggestions
#POWERGRID DAILY CHART VIEW!!#POWERGRID DAILY CHART VIEW!!
Power Grid Corporation Of India Ltd. has strong support near 158.
If it is broken, stock may drop 30 points more based on rectangle break down.
However if the stock is able to trade above 160 level it may move towards upper end of the range towards 190-195.
POWERGRID 1hr tf.. Symmetrical Triangle PatternThe stock has been in a continuous downtrend..But ever since Sep 24th, the stock has been making higher lows.. And a symmetrical triangle pattern has been formed in the process.. I do not wish to predict the side its going to breakout.. Lets just wait for it to happen and trade what we see...(This is only for educational purpose)
Who moved my CUBE ? Who moved my cube- Man is born free, freedom boost creativity, which further helps in and gives creative solutions.
When we apply thermodynamics to the markets, we are studying how price moves through Time and Space: Price must store Energy when it is in a Transition Phase and then expend Energy when it is in its Trending Phase. Prices are conserving energy inside the cube. Presently they are near the base of the cube. This is high probability, high risk reward setup. Minimum target is top of the cube. Idea fails if base of cube is breached.
This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
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 perfomance is not gaurantee of future gains.
Long PowergridPower grid at support and ready to break out.
Entry- 167.5
Stoploss- 160
Target -182.5
R:R - 1:2
Support & resistance in POWERGRID i was BANNED for violating house rule so i am republishing again without any alteration
Bought @ 177.35
Target @ 199.40
Lot size = 4000
#POWERGRID - DAILY chart bullish POSITIONALPOWERGRID - LONG setup
DAILY chart bullish
POSITIONAL TRADE
entry above 170
176 target is expected in short period
[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.
longwait for the downtrend support to be broken and take trades accordingly! . target could be till the channel top
Power Grid (BSE): Bullish Shark PatternPower Grid (BSE) is in a Bullish Shark Pattern.
The pattern has, however, not concluded as of yet, and is expected to continue till October 26th, 2020, post which the stock can witness a Bullish Breakout.
In the one month leading up to the Breakout, a fall of about 5.1% can be expected (from the Current Market Price), after which the Bullish upturn can be expected.
173 acts as support - look for reversalPrice exactly rejected as expected from the previous high after breaking the channel for the second time which denotes price is strongly bullish.
Now price might take support from 173 levels or channel bottom. Look for it and go long to make some bucks.
POWERGRID Buy signals at 172I will buy POWERGRID because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 172
Target : 191
Stop loss : 166
POWERGRID : perfect buy ?buy in zone 169 to 166
keeping SL AS 159
TARGETS
172/177/180/184/188/193+++
STATUS ACTIVE
POWERGRID - pattern supportPowergrid has taken the pattern support, day candle looks bullish, good signs of support.
Wait for dips, to enter.
POWERGRID TRADING SETUP *ALL MY IDEAS ARE FOR EDUCATIONAL PURPOSE ONLY*
IF on monday (14 september)
holds the support zone marked
one can take a long entry with
160 as SL daily for (daily candle close)
TG1- 190
TGT 2- 200
TGT3- 210
