buy above 2800 in intraday
for swing you can buy and hold with sl of 2650 but this stock is risky for holding because of low volume and high spread
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction...
Power India has a very clear trend since last year.
trendline intact
good volume
20dma support
Disclaimer: This is not any type of recommendation. This is just for educational purpose.
NSE:POWERINDIA
Flag pattern formation in ABB Power with a Breakout.
Target 1 - 3000-3100
Target 2 - 3300- 3400
SL - 2200
Risk to reward 3:4
Disclaimer - Its not a Recommendation. Please share your comments.
Darvasa box formation in hourly time frame looks convincing stock will give upper levels easily for big move towards 3000 , Do your own research before investing
2000 acting as a psychological resistance here. Would be interesting once it breaks that level.
Trade voided if the pattern gets broken on the downside.
buy above 1960
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is...
Seems good for atleast 4% gains in few days as we have both hammer and inverrted hammer. Today it opened higher than the previous close indicating bullishness.
POWERINDIA respecting Trendline and if you see a bullish Price Action and the previous Market Structure high getting broken, can go long with proper risk management.
The stock seems to made a pullback and its moving higher on the longer time frame.
If it makes any downside move the mentioned levels can be considered for accumulation and potential reversal could be witnessed.
ABB Power Products & Systems India Ltd. engages in manufacture of electrical equipment. Its products and solutions support utility, industry and transport and infrastructure customers to plan, build, operate and maintain its power infrastructure. The company was founded on February 19, 2019 and is headquartered in Bangalore, India.
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