PowerGrid - Short Position
Entered into Weekly Resistance, can expect a Reversal.
Target Predicted using Fibonacci Retracement .
Targets and Reversal Points can be seen on Chart.
Any Suggestions will be appreciated.
Sell below 210.55
Targets are 209.65,208.55,208,206.45,204.2,202.8,202.6
SL-212.35
It may fall till channel downside i.e PRZ (208.35-205.85) and it increases so buy above 205.85
Targets are 206,207.2,207.65,208.9,209.4,209.85,210.55,212.5,214.4,216.25
SL-211.95
Rally Losing Steam-Short with tgt of 203 on very short term/intraday basis.Hold if remains and closes below 206.The next tgts will be 195.5 & 182
Place a STOPLOSS @ 217.4 on close.
stop loss 197
right price to buy
good pullback is done ,go for it.
1st target 226
2nd target 234
3rd target 248
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Buy Call - Date: 25 July 2019:
Flag Pattern breakout today on Daily and can also observed on Weekly chart with strong buying volumes in the last 3 days and last 9 weeks (weekly chart).
Target- T1: 220, T2: 230, T3: 240;
SL: 200.
Risk to Reward Ratio = 1:2
Everything's mentioned on chart.
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As shown on charts RSI divergence and we have a doji formation on top. The trading range is getting narrower.
It has formed a top or closed to forming a top. Time to add to watch list and trade with confirmation.
POWERGRID can be taken as long above 210.5 or at 206.5 upon pullback.
We can also Short at 213-214 as there Harmonics ABCD pattern gets completed,and there is supply zone present also.
if you are interested in more....
You can Whatsapp/Call us at +919814433890
Join our Free Discord,Telegram & Youtube Channel :- IndianShareMarket101.com
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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.
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POWERGRID
