Powergrid corp looking for a breakdown.1. In the support area of the channel and looks like breaking down because of Rsi Divergence and trading below the moving average.
2. Watch the price action and trade accordingly.
3. SL 221.
TP 210.
POWERGRID trade ideas
POWER-GRID: Is more POWER to Breakout Else GRID Failure ?POWER-GRID: Is more POWER for Break Else GRID Failure (here Double TOP Confirmation) ?
COMMON in All 4 INSTANCES (mentioned in chart).
Each time Rallied after Fib Retracement in Between 0.618 & 0.786 .
Rest are plotted on Chart.
Technical Indicator Looks Good.
BEST LONG @ 208 - 206.70
Intraday Res: @ 211.90, @212.5 - 213.45 (HZ), @ 215.20
Intraday Sup: @ 208.9, @ 208 - @ 207.2 (BZ), @ 205.60
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Keep an eye on PowergridBuy powergrid if it closes above 213-215 supply zone on daily chart by keeping sl of 208
Shorting candidate near 203.7Will be utilized any pull back near 203.7 to
go short for 200-196.8 pattern failure above 208.
power grid: power for bears now..1. set up has already given n entry on hourly charts...
2. expecting that daily 20 sma will b broken for increased exposure...
entry only below 20 sma...
Power Grid -Power can go off between 212-220-Crab in the circuitBe careful, crab in the circuit can trouble & take the power away from power grid. 212-220 Zone is crucial resistance & Break of rising trendline can be the signal of power loss.
Any move above 220 on sustained basis only can give us a clue that crabs can't do anything.
Power Grid: Looks InterestingPrice has gotten above the 50-DMA and also took support at this average couple of days ago. Trend looks bullish and I am watching this stock for a long entry.
Bearish Cypher - POWERGRID - 15 MinsBearish Cypher pattern is near its completion on POWERGRID 15 mins chart.
Good Luck!!!
POWERGRID Long 28.3.17POWERGRID 28.3.2017
Trade
Date of Trade (Time if applicable): 25 March 2017
Entry Date: Buy Stop
Trade Entry:
Market: BSE
Stock: POWERGRID
Long/ Short: Long
Current Price: 196.75
Entry Price: 198.23
Time Frame: Daily
About the company
Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with responsibility for planning, implementation, operation and maintenance of Inter-State Transmission System and operation of National and Regional Load Dispatch Centers. The Company's segments include Transmission, Telecom and Consultancy. The Transmission segment includes extra high voltage/high voltage (EHV/HV) networks and grid management. It also owns EHV alternating current (AC) and HV direct current (HVDC) sub-stations. The Consultancy segment includes planning, design, engineering, load dispatch, procurement management, operation and maintenance, financing and project management. The Telecom segment includes transmission infrastructure, enterprise services and topologies. It owns and operates over 129,350 circuit kilometers of EHV transmission lines. It has approximately 210 sub-stations. Its Smart Grid enables real time monitoring and control of power system.
Type of Trade: Swing Trade
Reason For Trade:
Stock is in uptrend
In past price has moved around 50SMA and price is currently above 50SMA
Price has hit the trendline
RSI above 50 level
MACAD cross over is happening below the zero line. i.e the crossover is not a strong crossover but has a potential
Fundamentally strong stock
Giving good dividends
Stop: 190.58
Target:
Target 1:207.70
Target 2: 218.36
Pluses:
Fundamentally strong
Company has been maintaining a healthy dividend payout of 23.25%
Net cash flow in Mar 2016 was good and in positive
Quarterly results are good
Minuses:
Company might be capitalizing the interest cost
Technically is not the perfect setup
PowerGridShort Setup:
Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50
Buy Setup:
Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
PowerGrid - Breaking Out RangeIt is been observed that the price action is breaking out from a range formed on the 30 mins/hourly chart. It shall further boost the price action and reach to next resistance levels.
Target: 200
Stoploss: 193
Power Grid - At the support!Power grid is trending near the long term support at 186-188. Close above the trend line will make the price to move up towards the targets 194,197,199 and 202 with the stoploss of 188. RSI hidden bullish divergence supports the price action for uptrend.
powergrid - a relief rally expectedfor educational purpose only - powergrid has respected fib level 0.618 Rs.188.5. so a bounce back upto 196-198 may be seen.
Power grid Long positionalPower grid Long positional
Entry @ 191.50
Stop Loss @ 184
Target 1 205
Target 2 215
