POWERGRID trade ideas
Long position in Power Grid Want to copy the chart in this box,but unable to do it.
Studied the Deamand zone for the period using SMA .Periods studied are Daily/4 Hrs/1Hr and saw the same trend of Demand up trend in all the periods. So place my order in the chart .
[Intraday] POWERGRID Channel Long TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
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 inside barGo long at PDH if PDH is broken with SL at PDL
Short at PDL id PDL is broken with SL at PDH
PDH - 183
PDL - 181.1
Power Grid - Looks Good.At Trend Line Support.
Above 21 EMA.
Fibonnaci Support.
Bounced From Support Zone.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Powergrid BullishPowergrid is at few month old resistance, and broke out of downward sloping trend line which wasn't a great signal though. But it broke out with the confirmation of Gartley Pattern.
Price has kind of retested the support and it is now signalling upward move.
If we zoom into 15 min chart we'll see that price may come down to retest the support again and that would even be a more better place to get in.
For now, on the hourly chart we can see the series of Indecision candles, A break above them, will be a good signal to buy and break below them will signal us to wait, but even if we don't wait and get in right now, we have a good Reward to risk Ratio.
Sl: Below 186.4
Target 1: 191.4
Target 2: 192.5
POWER GRID #BUY ABOVE 192INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018)
POWER GRID #BUY ABOVE 192
Powergrid BullishPowergrid 1.48% is at few month old resistance, and broke out of downward sloping trend line which wasn't a great signal though. But it broke out with the confirmation of Gartley Pattern .
Price has kind of retested the support and it is now signalling upward move.
If we zoom into 15 min chart we'll see that price may come down to retest the support again and that would even be a more better place to get in.
For now, on the hourly chart we can see the series of Indecision candles, A break above them, will be a good signal to buy and break below them will signal us to wait, but even if we don't wait and get in right now, we have a good Reward to risk Ratio.
Sl: Below 186.4
Target 1: 191.4
Target 2: 192.5
