Power grid corporation if it crosses below the supporting zone then it can touch our target
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Note:- This is my view, please do your analysis before taking any action and take responsibility for your action.
POWERGRID trade ideas
Multiyear BREAKOUT alert!! (Positional)A clear breakout on weekly and monthly time frame with good volume....
Multiyear trendline breakout on POWERGRID. Positional trade.The stock has broken above a key trendline resistance running since Aug17' and closed strongly above it. More upside can be expected as the stock has huge momentum behind it.
All levels mentioned on the chart.
Power grid at its crusial lavelIf tomorrow market was a bit Negative than power grid will be good shor
POWERGRID - Policy tail windAfter overtaking 2020 price level in very 1st week of new year making 52W High in 1st week of the year.
Today, 03Feb, it made another daily close above previous 52W H
It made 3 weeks long reverse-trigger while recovering entire 3 weeks down-move in just 3 days 1-2-3-Feb.
Today's print of 6% comes with volume which is highest compared to any day during previous 10 months.
There's sharp rise in Relative strength, Trending indicator , Positive movement value just setting tone, as if it is a start of rally.
There is a fundamental side event on 11-Feb by quarterly results.
There is a macro side push for the stock with thrust on electrical infrastructure modernization.
All new initiative will require Smart Grid solution which is near monopoly of the company.
Large investment is expected for Smart Grid Applications in distribution in 12th and 13th Plan, which will provide huge business prospects in coming years.
Technically and beyond technical, Stock may get ripe to move to ATH .
long trade in PGPG is showing support at its OXYP bottom level around 188-189 odd levels. bottom was confirmed on mondays trade. its showing good buying interest at 189-190 levels. hence a good long trade can be initiated with a 187.70 level as SL. RR is good enough to go long. sudden spike can give 2 odd percent up and above.
Intraday Long 25th janPowergrid by hitting 189.90-189.60 levels it has formed a OXYP formation from 207 levels on 14th jan. its at the lower level of OXYP. the risk reward is good. going long at 189.60-190 levels with 188.30 as stop loss.. expect a good 2% long from here.
POWERGRID CORPORATIONDisclaimer: This chart is only for Educational purposes, Please do your analysis or consult your Financial Advisor before investing any money in markets
Power Grid forms a Flag pattern on the daily chart and is sitting on the Longterm Support level from 2019, and there was huge price rejection from the bottom whenever the price falls below the Support level So in the coming days can move towards the 200-205 levels
INTRADAY TRADE SETUP- POWERGRID#Intraday11/01/21
Buy POWERGRID on rising above Rs . 204 for the Targets of Rs . 208 and 210...
Stoploss Rs . 202..
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Thank you,
Vishwajeet Sharma
POWERGRID - Ascending channel formation at monthly TFPOWERGRID - Ascending channel formation at monthly time frame
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Powergrid Intraday , Breakout Trade.All Logic Explained on chart.
Expecting a good intraday move.
Looks good for positional on weekly and monthly charts too.
Will post after weekly close.
Powergrid swing trade setup Powergrid swing trade setup
Powergrid is at good value zone to buy now for a target of 5% in next couple of days
