POWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle
Entry : Long Abv Upper TL <=> Short below Blue zone
Stoploss : Discretionary (Closing Basis)
Basic Target: 10%
" Idea by Malkiat Singh"
if you have any queries regarding above idea or any other stock feel free to D'M
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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 .
Long 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.