POWERGRID trade ideas
Power Grid stock in uptrend & at BO levelWe can see Power Grid stock in uptrend & successfully BO the level of 173 & trading above the 50 EMA Level. Now since last 3 days stock is trading in a range. Now next big move we can see after the BO level of 183 as marked in the charts. Also we can see the minor pull back. Also on weekly chart a bearish engulfing candle has been seen. So let's wait for the complete BO before taking long entry. Target level is 190 & above 190 we can see the 200 levels in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask
[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 | CORRECTION | PROFIT BOOKINGStock performed very bullish on previous day.
Now its going towards resistance & it may retest before it give a good breakout.
Little Correction & profit booking may happen tomorrow. May fall up to 175.
Power Grid - Cup is Ready Please refer the linked breakout idea on how today's trade was planned.
The Fib retracement levels are drawn on chart this time for clarity.
The stock is at a crucial level - Cup is ready !
Positional Trades:
Go long above 174.5 for 176, 177, 178 with SL at 173
POWERGRID TRADE SETUPPowergrid moved 6% on 20th july because it broke a trend line. Support and resistance drawn for targets and stop loss.
PITCHFORK TARGET ANALYSISONLY FOR EDUCATIONAL PURPOSE , TRADE AT YOUR OWN RISK. IF YOU ARE IMPRESSED WITH MY IDEAS PLEASE DO LIKE AND SUBSCRIBE.
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Power grid At support levels !DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
[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.
POWERGRID July 2020 target 177POWERGRID if bounces from 163-164 level can be good option to make profit. Can be bought as a CE option and wait for 3/4 days for booking profit. 165 CE @ 3.5_4 range now.
Stock analysis of power grid.Share is taking support of trend line and in attempt of breaking resistance level of ₹172.75 and if breaks than the price will try to break ₹188.75 levels. If it fall in next trading session the stock is likely to test the support level of ₹159.7 RSI on daily chart is neutral however the stock has given closing above previous close and with higher volume.
POWER GRID CORP. - Inside Bar PatternPOWER GRID CORP.
#POWERGRID has formed a Symmetrical Triangle Pattern and has also formed an Inside-Bar Pattern in Daily.
RSI is above 60-level and Is BULLISH.
TT2 Trend is Bullish in Daily.
Above 179.35, the next resistance is 183/186.80. The Support is 175.
Below 175, the next Support is 173.35/170.70 . The resistance is 179.35.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TREND ANALYSISit took support @175(0.5gold num) and whenever it took support @175 went to 200rs , I have drawn barrel channels if it breaks 182.60 then go for buy above @183 targets updated in charts .power sectors doing very well. I have mentioned only bullish views and thanks for view my charts. please comment it on your view
