#POWERGRIDCompression followed by a burst down side
Later ICMC and Shunting makes a comeback quickly
Typical behavior of stocks!
POWERGRID trade ideas
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.
POWER MODE STARTPower Grid is looking good on weekly chart by observing some factors in it likewise it breaks a falling trendline resistance strongly and gives a strong close above on it with nice gaining buying volumes and created a positive crossover divergence on MACD indictor so all things together giving a sign of coming more bullishness in it and we could see good up moves in it from here.
CAUSE OF LONG-:
1- Falling trendline breakout.
2- Volume breakout.
3- Macd indicator breakout.
Flag Pattern breakout, Upside possible On daily chart the scrip moving on HH pattern, Yesterday it broke of a flag type pattern, Keep the stock in radar
Breakout in POWERGRIDBreakout in POWERGRID
Entry: 232 (CMP)
Target 1 - 250
Target 2 - 275
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
CHANNEL BREAKOUT IN POWERGRIDHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move can be expected in POWERGRID . Moreover it has consolidated near the channel high many days before breakout.
Keep trading ❤️
Hustle hard ✅
Buy in PowergridBuy above 234
T1 - 240
T2 - 250
SL - 215
Stock moving under channel pattern in a trend, also taken support over 30MA
Not a recommendation, only for Educational purpose
POWERGRID - Consolidation BreakoutNSE: POWERGRID is closing with a bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the up trend.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
POWERGRIDNSE:POWERGRID
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
14 Sept | Nifty Banknnity production | Best stocks to trade 14 Sept | Nifty Banknnity production | Best stocks to trade
Power Grid Corporation of India Ltd (PGRD) @breakoutlevelPower Grid Corporation of India Ltd (PGRD) @breakoutlevel
Power Grid Corporation of India Ltd (PGRD) strong breakout with high volume and momemtum created in day chart.
so strong upside. BUY above 228.35 . NEXT TARGET 233, 237,242, 248 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
Power grid fib levels for swing trade (learning purpose)Power grid fib levels for swing trad, for learning purpose
POWERGRID Hello Guys,
I have tried to do a MTF analysis for Powergrid, which looks very bullish to me for long term perspective . Please do watch and share your feedback in comments if this is helpful.
Powergrid Long opportunityNSE:POWERGRID
Stock -> Powergrid
TimeFrame -> Weekly
Hello all!
Powergrid has been moving in a channel since November 2020. It's now back on its lower channel trendline and has shown a good bounceback, making it a good opportunity to go long!
There are multiple confluences that strengthen my conviction:
-Support from both 50-week EMA and 50-daily EMA.
-Support from 200-day EMA
-Stock trading above its support zone
*NOT A CALL*
POWERGRID : Resistance breakoutPOWERGRID-Breakout from an All time high level. Expecting good momentum in the coming days.
Buy above-246
Target-279
Stoploss-231
POWERGRIDNSE:POWERGRID
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Power grid corporation possible upmove W pattern,and moving with trend line support.
Looking good for uptrend
power is soon bullis powergrid gone to bullish soon
aslo nifty is bullish then powergrid have big patner to BOOM
Powergrid at major 200 ema support on daily candlePowergrid daily maximum time took support of 200 ema on daily TF
Currently see the false BD of 200 ema level, so can go long with half qty at 209-210 and remaining half qty after TLBO i.e. at 215
Target of 248 and SL is too small i.e. 205
