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POWER GRID CORP. LTD.POWER GRID CORP. LTD.POWER GRID CORP. LTD.

POWER GRID CORP. LTD.

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POWERGRID trade ideas

Powergrid on high soon to fall #powergrid I have drawn the big value area along with its limits and control price what observations can be made by analyzing each component? The value area inside the big value. Each value area is taking shape at price level higher than previous .This is clear indication of uptrend The control price. It has upward rise. Another indication of uptrend. Key principles of Elliott Wave Analysis: Wave Structure: According to Elliott Wave Theory, price movements in financial markets consist of a series of waves that can be categorized into two main types: impulsive waves and corrective waves. Impulsive Waves: These are the waves that move in the direction of the dominant trend. They are labeled with numbers (1, 2, 3, 4, 5) and represent the primary direction of the market. Corrective Waves: These waves move against the dominant trend and are labeled with letters (A, B, C). They represent temporary counter-trend movements. Counting Waves: Elliott Wave analysts look for patterns and attempt to count the waves to determine where a particular financial market is within its larger trend. The complete cycle consists of five impulsive waves (1, 2, 3, 4, 5) followed by three corrective waves (A, B, C). This pattern is then repeated in different degrees within the larger trend.
NSE:POWERGRID
by ElliottWaveZone
A Growth Story!!! Will History Repeat ?Hi guys, Sharing monthly chart of Power grid corporation i am seeing a Flag & Pole breakout formation on this provided chart and this breakout is looking gets fully matured because price gives two monthly close candles above the resistance or above previous all time closes, Apart of this i observed that after breaching the previous all time highs on monthly closing basis price makes a new top 40% higher then previous one so i am looking again a potential upside of 40% for this time too, it happened two times in past so therefore it is more likely for this time too and nothing wrong in it according to the technical analysis if we know how to mange the part of our risk so for this 225 is looking a good and strong support now on monthly chart. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. Regards-: Amit
NSE:POWERGRIDLong
by AMIT-RAJAN
16
Powergrid - Looking to Break freeNSE:POWERGRID CMP: 231 SL: 216 Initial Target: 248(ATH) If holds and crosses, 248 then target is open. RR(For first target): 1.14:1 (for target 248). Beyond that it improves Reason: 1 - CNXINFRA looks good. IF this breaks out, then this will perform beautifully. 2 - Stock looks like breaking out of consolidation of year long consolidation from what could possibly be a flag and pole pattern. 3 - Possibly could be Break Out of Flag & Pole ( On Weekly) 4 - Above all moving averages on Daily and Weekly 5 - RSI is trending up 6 - MACD looks positive. Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice. Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary. The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions. The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information. Additionally, I welcome any corrections or feedback on this analysis. Please feel free to share your thoughts and perspectives in the comments section. I hope this helps, and best of luck with your technical analysis!
NSE:POWERGRIDLong
by Triyambak_CA