POWERGRID trade ideas
POWERGRID BULLISHPOWERGRID CLOSING 222.25 with stoploss 212 then targets are 238-245.
Buying Reason.
1 --> #Price #Breakout Close above 200 EMA.
2 --> Also #Triangle #Pattern Breakout.
3 --> #RSI is cross 60.
4 --> ADX is show the #Bullish move and +DMI is #RISE.
5 --> #Volume is also show the #Breakout move.
6 --> On a #Daily #Chart #Bollinger #Band is open in #Upside Trend.
POWERGRIDTravelling in symmetrical triangle, watchout for breakout or breakdown or else can short on resistance after bearish setup as per price action and can aim for support or vice versa.
Power Grid - Start Charging with +ve1. On daily chart with technical view I have seen bullish trendline breakout with upside move.
2. The closing price is also closed above 68% FAB retracement level which also shows positive trend.
3. MA i.e. 21-11 cross over is seen upward move.
4. RSI is near to 70 i.e. 68.
I can see 20 to 25 points upside move in near short term.
P.S. This technical analysis is my personal view and for education purpose. Before taking any action pl get advise from your financial advisor
Triple top in POWER GRIDPrice is forming a triple top pattern with a top of 219-220. Looking at the option chain 220 CE of 25 Jan expiry, trading at Rs 1.75 has the highest open interest. Hence 222 is an important level. Overall it is in a crucial zone.
Breakout In PowergridStock gives breakout on a daily timeframe .
CMP : 218
Target : 225
Stoploss : 214
This is not a buy or sell call, this analysis is shared for educational purpose.
Powergrid RSI Bearish Divergence at Resistance ZonePowergrid is near the resistance zone, the price is making higher high while the RSI is flat this is clear sign of RSI Bearish Divergence.
Entry
We can go short when price make strong bearish candle near the resistance zone.
Stoploss
Stoploss above the resistance zone.
Target
Target will be the next nearest support zone.
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POWER GRID - DAY CHART - 16.01.2023 - BAHAVAN CAPITALPOWER GRID as per day chart analysis
Stock ABOVE 216 TARGET 218
Happy Profitable Trading to All...
Uptrend movement ends with Triangle pattern Following points are purely to track either my view is correct or not. I am just a beginner
As per my view, this stock has ended it's Uptrend movement and started with triangle pattern with strong support of 203.5 rs. We can have a safe play with its support as stoploss.
But as of today: 05-jan2023: stock is still showing bearish movement.
Lets wait and watch
2023-01-05 : Uptrend ends with Triangle pattern Following points are purely to track either my view is correct or not . I am just a beginner
As per my view, this stock has ended it's Uptrend movement and started with triangle pattern with strong support of 203.5 rs . We can have a safe play with its support as stoploss.
But as of today : 05-jan2023 : stock is still showing bearish movement .
Lets wait and watch
POWERGRID | View• Price action seems like there is Symmetrical Triangle Chart Pattern continuation
• As long as price above 220.45 we can expect PRZ at 229.70 according to Harmonic XABCD Pattern.
Powergrid: Will it power its way to 231 / 238Powergrid
The stock seems to have sustained above its crucial resistance level at 218
Now it has a clear path towards 231 / 238
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
power gridpower grid can be a good pick.the company recorded 6% yoy revenue growth.8.6% growth in september quarter and many more.target 225 for short term.
POWER GRID CORPORATION- Excellent Delivery % last three month.
- Target 240
- SL - 200
- Time : 3 month
- only investment & educational call
PowergridPowergrid buy look forword driction trend move up slowly 260 270 range this only education purpose only not buy edvicee..
#POWERGRIDCompression followed by a burst down side
Later ICMC and Shunting makes a comeback quickly
Typical behavior of stocks!
Short PowergridDaily chart indicates 20 DMA closing near 200 DMA from above implying weakness. The stock failed to hold at 200 DMA but failed and forming LL for past 3 sessions even when market is in uptrend showing underperformance. RSI too showing bearish trend. Immediate target is 203 then 200.
POWERGRIDPOWERGRID buy for long term it was falling down side soon it will recover from suport areas,
POWERGRID swing entry for longSame as torrent power power grid too indicates rsi in oversold area just look at the chart with vertical blue dotted line on 20 Jul 18, 15 may19, 18mar/24sep 20, 20jun/26sep22. Especially 26sep22 candle formation shows exit of sellers here, can go long here with good risk reward , however upside 238 is a strong supply zone once broken can see level around 270(nearby channel's high).
Weekly Channel BreakDown: Short PositionChannel Breakdown. Down Trend. weekly breakdown. Short Position. Enter during the retracement
Swing Trade 5%nice swing trade for 5%
target will be hitted, and reversal is also possible looking at the market trend.
