Hey i'm new to technical analysis of stocks so my chart might look kinda weird so i'm sorry bout that. Lemme know where and how i can improve after reviewing my chart
Thank you :)
take support at this level - see chart
will it take support or break?
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
Please strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising.
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it may bounce till 198. But better avoid...
NSE:POWERGRID
Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart ) & Three Retests at 187 Resistance Zone.
Weekly RSI: Ranging b/w 55-60
Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm)
Possible Targets: 200 - 205
Fundamental Pros:
Good Dividend Yield: 4.15%
Low PE Ratio: 10.20 (September...
After a long travel in a wedge pattern we have got a perfect breakout here.
All set to take a long entry here and in a short span of time we will get our target.
Since after this type of breakout stocks fly like insane.
Thanks.
Sagar
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not...
We can observe an ascending triangle pattern
Buying Price around 174-175
Target of 200
Stoploss of 165 or as per your risk tolerance
Timeframe: 15-30 days
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
PowerGrid Breaks The Trend And Continues To Uptrend .
Enter The Trade Below 204
Keep Stoploss At 190
And Book Your Profits On 216.
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Buy = 194
SL = 180.65
Target 1 = 220.7
Target 2 = 234.05
12/10/2021
Bullish NSE:POWERGRID-->Power Grid Corporation of India Limited
Buy for short term
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