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POWER GRID CORPORATION OF INDIPOWER GRID CORPORATION OF INDIPOWER GRID CORPORATION OF INDI

POWER GRID CORPORATION OF INDI

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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
BSE:POWERGRIDLong
by imdbeststocktrader