Lower Channel Breaks ? In power gridkeep a eye on this folks
i was observing this to trying to escape the lower channel, there are good chances it can break and reach upper channel.
POWERGRID trade ideas
pgcil chart.I have tried to draw chart for pgcil.with multiple time frames. I am seeing a bullish trend at daily and 4 hr charts both. If somebody finds errors in it please rectify and advice with better idea. Peace
power gridpower grid: 75 min chart: inhs pattern is in formation stage 238-240 strong resistance closing above 240 means its ready for 270/300 rs tgt. short term Pick
Power grid Heading for a breakout?The stock has tested the Resistance region for quite a significant time.
With clear spikes in buying volumes.
On RSI, Stock has also recovered after testing the 50 line.
Promoter holding has increased by almost 10% in the last quarter.
Stock is trading a PE of 8.21 which quite similar to historical PE. But it significantly lower than the industry PE of 23.8.
A breakout above resistance supported by volumes can be a good sign to make a long position.
Power grid Heading for a breakout!!After spending considerable time in the range of 200-240. The stock has given bullish signals on both indicators for the breakout.
The sustained price movement above 240 can be considered as a breakout.
A significant bullish move can be seen till 285-290.
Hmmm... Interesting.how could this POWERGRID's pattern outcomes?? any guesses about the TARGET, ENTRY, STOPLOSS??
Power GridChart says everything. However, closing above 234.40 will start upward journey. Risk takers can sell for the TGT 213, keeping stop loss at 234.40 on closing basis.
Note: Only for educational purpose.
#POWERGRID .. Back to test the support.. What will happen?POWERGRID seems to be trading in an expanding triangle as can be seen on the hourly chart..
Price is moving downwards to test the support at 220-225 levels...
Wait for support retest and bounce before putting your money in..
Power Grid - CMP: 233The stock is moving in a rising wedge. It has taken trendline support on a smaller time frame. If the price not sustaining above 235 , we expect lower price movement up to 220 to 217.
POWER GRID CORP :)DATE:18/06/2021.
Powergrid has clear rsi bullish divergence in"1 hour time frame".
and also today it forms clear bullish engulfing represents buyers took charge
buy at 235
target at 243(3.80%)
stoploss at 230(1.90%)
C0NS: in 1D chart it has big bearish candle with increased volumes represents bearish trend in 1D chart but uptrend stock in long time.
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POWERGRID - Breakout The stock has given good breakout and now it is retesting it's previous resistance area. So keep an eye.
If you like my idea, you can follow me on the trading view
Keep learning and keep growing
Thank you
Powergrid CPowergrid is currently on its trendline there is strong possibility that it will bounce back my targets r given above hope u guys like it
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Consult your financial advisor before investing
Also feel free to give feedback
POWER GRIDPower grid Buy near 238-240 sl 223 target 262++
this is not buy sell recommendation only for educational purpose
Power Grid - Triangle BreakoutPowergrid had taken a good breakout from the ascending triangle pattern, and now it's having a retracement, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
inverted head and shoulder on POWERGRIDInverted Head and Shoulder pattern on Powergrid after taking support we can take positions.
