POWERGRID trade ideas
PowerGrid - BreakoutChart pretty much speaks for itself. All PSU power linked companies seem to be breaking out.
Watchout for the space.
POWERGRIDPOWER GRID
ABOVE 203 IS SAFE ENTRY
OR ELSE IN RETRACEMENT CAN BE ACCUMULATE AT MENTIONED LEVAL ( GREEN ) IN CHART
positional callit is not breaking for downside and holding 170 levels so it can be bought for 225 level or upto channels top with stoploss of 177.
SWING FAILURE TO REACH CHANNEL TOP (SHOOTING STAR) SELLSHOOTING STAR FORMED NEAR RESISTANCE AND CHANNEL SELLERS LINE ..SELL @ HIGH ..LEVELS IN CHART NSE:POWERGRID
Bullish Bat PowerGridBullish Bat PowerGrid
Prz - 183.90 - 185.10
Sl - 182.5
Target 1 - 186.25
Target 2 - 188
Support and resistance linesWe can clearly observe support & resistance lines which have been tested multiple times.
range bound one should not trade in range bound market
trading in trending market gives good results
refer chart for details
PowerGrid- Intraday Target- 192AB=CD pattern
target 1- 32.8% of AB- Achieved
target 2- 61.8% of AB- Not yet
PowerGrid : Descending TrianglePOWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle
Entry : Long Abv Upper TL <=> Short below Blue zone
Stoploss : Discretionary (Closing Basis)
Basic Target: 10%
" Idea by Malkiat Singh "
if you have any queries regarding above idea or any other stock feel free to D'M
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Bullish Bat Powergrid CorpBullish Bat Powergrid Corp
Prz - 188 - 190
Sl - 185
Target 1 - 193
Target 2 - 195
