we can see, as soon as price breaks the line in monthly timeframe, it gains huge momentum.
There is no guarantee in stock market and Nothing over week STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS} Power Grid Corporation of India Ltd Target: RS 276 CMP: RS 262.15 ENTRY RANGE: 256-268 STOP LOSS: RS 240 Disclaimer: I am not Sebi Registered.
POWERGRID FUTURE, looks good for buy, but be cautious, may fall to take the bigger entry on the trend line of the bigger time frame
The earlier posted cup and handle pattern on Powergrid has not materialised. The stock has moved sideways and the pattern now looks like a ending diagonal. On the long term charts the rally from Mar '20 can be counted as a completed 5 wave structure. A break below the lower trendline of the diagonal pattern can accelerate a down move to 175 levels in short...
Powergrid is breaking out of a cup and handle pattern. The C&H is one of the most reliable patterns during an uptrend. The stock has been trading above its 200 DMA for several months now and is in a clear uptrend. The breakout is on above average volumes and is added confirmation. Look for a good rally yesterday's low holds
power grid short, as it is moving down from its highs
powergrid breaking out from triangle
powergrid may give breakout from triangle, taken support form 4hr time frame trendline already
“Hegel remarks somewhere that all great, world-historical facts and personages occur, as it were, twice. He has forgotten to add: the first time as tragedy, the second as farce.” ― Karl Marx, The Eighteenth Brumaire of Louis Bonaparte This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly as market progresses,...