POWERGRID trade ideas
Power Grid Corporation Of India Ltd.Power Grid Corporation Of India Ltd.
Power Grid Corporation of India Ltd (PGCIL) is India's principal electric power transmission company. The company is engaged in the transmission of bulk power across different states of India. It owns and operates 90% of India's interstate and inter-regional electric power transmission system. The company's business segments are Transmission Consultancy Telecom and ULDC/ RLDC. The company has 168140 circuit kilometers of the transmission network and 252 sub-stations as of 31 January 2021. It has a total transformation capacity of about 422430 lakh megavolt ampere as of 31 January 2021. This gigantic transmission network spread over the length and breadth of the country is consistently maintained at an availability of over 99%. The company has diversified into the telecom business to utilize spare telecommunication capacity of unified load dispatch center (ULDC) schemes using country-wide transmission infrastructure. PGCIL is a public sector undertaking. The Government of India (GoI) held a 51.34% stake in the company as of 31 December 2020.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock continuously in uptrend channel.
2. Stock gives the breakout of the channel.
3. Stock makes the new 52-week high.
4. Supertrend is positive.
5. Alligators are in uptrend.
6. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Power Generation/Distribution
1. MARKET CAP - ₹ 1,58,621.80 Cr.
2. P/E - 9.59
3. P/B - 2.41
4. ROE - 23.02 %
5. ROCE - 12.03%
6. EPS - ₹ 23.72
7. CASH - ₹ 5,273.54 Cr.
8. DEBT - ₹ 1,43,051.48 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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POWER GRID RECTANGLE BREAKOUT DAILY TIME FRAME .SWING TRADE-Power Grid Has Formed Rectangle Breakout Pattern. Expect 5-7 % Return on This Stock. Plan Your Trade.
Powerful Electric Pick: POWERGRID ALL TIME HIGH BreakoutYes it is a powerful electric pick, POWER GRID broke ATH today, Closed above Darvas ji ka box. An open above the box could give decent up-move, but don't forget it is also a one of the best bet for long term portfolio in Energy sector. Energy sector is the future.
Power sector stocks are in bull run. Considering company's business portfolio and government policy on mega power project it is a buy for long term portfolio.
For long term SL: 160
A must must buy. NSE:P
Why BEAR-TRAP occurs? How to Avoid and Trade a BEAR-TRAP?What is a BEAR-TRAP?
--> BEAR-TRAP is a condition in the market where the Price gives a Breakdown below a Potential Support zone but quickly Reverses back above the Support without giving a follow up bearish candle.
Why a BEAR-TRAP occurs?
--> Big Players who are bullish on a specific stock would be wanting to buy a big quantity of shares at the best price , but there will be no enough sellers . Hence All Buy Orders of Big Players would not get filled. so what's the solution?
--> Big Players know that the Retailers have maximum of their StopLoss order's just below the Support.
--> Big Players will place Contra-Short Trades and will trigger the Stop-Loss Orders of the Retailers turning them into a Seller .Hence All Buy Orders of Big Players will get filled. .
--> New Breakdown Traders place Fresh Short-Sell Orders looking at the Breakdown and if its a F&O stock , Call-Sellers open new positions at ATM (At the money) Strikes. .
--> Now as All Buy Orders of Big Players got filled. . BIg players aggressively start moving the price up and trigger the Stop-Loss Orders of the New Breakdown Traders and Call-Sellers who entered looking at the Breakdown which ,again shoots up the price.
-->Hence All Bears are been Trapped.
How to avoid a BEAR-TRAP ?
--> Look at the Volumes on the Breakdown ! If the Volumes are Low , It is probably a Fake Breakdown! .
--> Wait for a follow up Bearish- Candle after the Breakdown Candle! i.e Take a entry only when the Low of the Breakdown-Candle breaks.
--> Check out if there is a significant Long-Unwinding if its a F&O stock.
How to trade a BEAR-TRAP ?
-->Check out for a Reversal Pattern soon after the Breakdown. Eg: Bullish Engulfing, Bullish Harami, Bullish Piercing .etc
--> This Reversal Candle Stick must close above the support.
-->Enter a Long Position above the high of this reversal candle .
Real Example!
--> NSE:POWERGRID was trading within a Rising Channel .
--> POWERGRID gave a Rising Channel Breakdown below 196 and gave a daily closing at 191. Perfect breakdown right?
-->Breakdown Traders entered here keeping their Stoploss above the POC or just above Psycological level 200. and Call Sellers would have Shorted the POWERGRID 200 CE STRIKE .
--> Check out the volumes on breakdown! Its very very low signifying its a Fake Breakdown.
--> POWERGRID on the following day made a Bullish Above Stomach Candlestick pattern and gave a closing above the support level 196.
-->Perfect Buy would be on 1HR Closing above the support level 196 on the next day.
-->Boom! Price made an Impulsive Movement after it triggered all the StopLoss Orders placed at Psycological level 200 by the Breakdown Traders and also due to the Short Covering at 200 CE STRIKE .
--> Wasn't it a perfect BEAR-TRAP Trade?
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Range BreakoutWhen price break any well defined boundary above 200 Day Moving Average then high probability price continue the trend but our work is only manage our risk and quantity .
Bullish Flag pattern !!!The stock creates bullish flag pattern .
Once its broken its level, we can expect good move. This is for swing trading.
Stock trading on 20 & 50 ema.
This only for educational purpose.
Power Grid: On the verge of flag & pole BOPower Grid is forming Flag & pole. BO above trendline can give good return. Keep on radar.
Power Grid Buy FuturesLong opportunity in Power Grid Based on trend line break out
Buy 212.85 , SL 210 and Target - 220
[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.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Intraday setup power grid on march 9thSee the chart and prepare your own trade
Always keep risk reward more than 1:2
Maximum 2 trades in a day
Don’t take revenge trades
POWERGRID LOOKS STRONG BUY 221-222 SL 218 TARGET 229-DKM SIR
I Can see the upmove from here
buy and hold as per your risk
[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.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Power Grid Ready for a big moveA few days back I had posted a chart saying that since the channel in which Power Grid was moving has been broken, one should avoid/exit/short sell this. However, the stock has rebounded very very sharply and with the recent rally in energy, looks to gain further if the current level of 218 is broken. Hence, one can go long if the resistance is broken. The resistance will then become your stop loss/support.
Powergrid corpPowergrid corp CMP: 209 sl: 180(wcb) target: 280/360 .good dividend paying company..
Note: educational post
Swing Trade Opportunity in POWERGRIDSwing trade opportunity in POWERGRID, with a target of around 220
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
POWERGRID INTRADAY TRADEWe can spot bullish divergence in POWERGRID. We can go long above 200ema and high volume area. Targets are mentioned in the chart itself.
POWERGRID- At Important Support1. In the daily demand zone
2. Support of 200 SMA & EMA cluster
3. Bullish Divergence in 4hr tf
Conclusion: Due to above reasons stock may bounce off and reach to channel high. Bullish if it closes above 200rs with good volume.
