Triangle forming [symbol="NSE:POWERGRID"]NSE:POWERGRID[/symbol]Do we see a reversal with this triangle formation on NSE:POWERGRID in 15mins chart
POWERGRID trade ideas
Powergrid consolidating near supportPowergrid chart pattern showing consolidating @ 195 level for the last few trading sessions. RSI showing divergence @ current level.
We can expect the Stock to show some up move above 197.00
If price breaks support below 194.00, can expect the stock to continue its downtrend.
Power Grid - LongPower script in consolidation at demand zone. Long duration at support level indicating that bulls may not let it go down further Fresh long can be initiated as mentioned in chart.
PowerGrid Probable ElliottWave CountsAs long as 193 which was last low safe on closing basis, PowerGrid may hit 235.
BUYDAILY FINANCIAL WISDOM: The same way one winning trade does not guarantee success, a losing trade does not suggest failure...
POWERGRID buy based on Fibonacci RetracementStock is showing strong support on 50% zone.
Expecting it to retrace to 220 zone.
stop loss should be immediate lower Fibonacci level
Long for Range Market The stock has broken the Main trend , and now its on range trading , its very short term trade , I am looking to buy Near 206 with stop 198 as CLB for Target of 225+
Regards
POWER GRID - SHORT weekly chart is making a inverse HNS . neckline comes around 200. CMP 210.
Sell around 210 to 220 stop 222. tgt -0.72% 200 and break of 200 188 and 175.
Not a certified analyst of SEBI. please take financial advisors help in taking any investment decisions.
POWER GRID channelsIt has been observed on day chart that Power Grid has been trading within channels.
Please use this as a reference in addition to your analysis.
Regards,
tRex
POWERGRID: Intraday Spot & Future Levels for 03/10/2017...........All Spot & Future Intraday Levels are mentioned on Chart.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
PM Modi's 'Saubhagya' scheme-possibility to brighten POWERGRID.............All Spot & Future Levels are mentioned on Chart.
POWERGRID': The state-owned company that could possibly benefit is Power Grid which will help in providing transmission lines to connect the villages.
Power Grid, which spent Rs' 28,200 crore in FY17, makes regulated return on the equity investment in these projects.
Separate chart having Intraday LEVEL, will be published later, follow timeline
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Power GridStock is in a strong uptrend. Price should find support around current levels and up to 210. Target 230+.
POWERGRID Buy opportunityPOWERGRID sharply bounces from support line one can buy for target of 220 & 225. SL or exist can be breaching the trend line.
PowerGrid Breakout can be expected above 217PowerGrid Outlook:Best entry above 216.85-217.10 area and Target will be 219/222 or a new high, Stop area should with in 214.85-215.50.
A downward channel upside breakout can be expected on hourly chart along with weekly chart also showing that its takes 210 sup which is very good support in weekly and now a possible breakout above 216.80-217 area with volume.
Symmetric Triangle on PowergridSymmetric Triangle on Powergrid and it may break either side.
Trade:
Long Entry - above 218.50
Target - 225
Stop loss - 214
Short Entry - below 215
Target - 209.50
Stop loss - 219
Buy above 220Stock has tried to move beyond its limit, Stock made high 219. I suggest to enter above around 220 and Keep SL of 213 on closing basis.
Power gridcorp..Looking to short1. Trading below the moving average with a RSI divergence.
2. Watch the price action carefully and trade .
TP - 210 SL-221
