POWERGRID
#eveready #exideind #amarajabat #nippobatry #adanigreen #nhpc #I#EVEREADY
NSE:EVEREADY
NSE:EVEREADY
EVEREADY
CMP 317
ENTRY 301
TARGET 390
SL 272
RR 3
TF < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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Power Grid Good #Bottomfishing zones. Best Buy Zone: 179 - 194
Good Buy Zone: CMP
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Powergrid - Break out may happenWhy this Trade..??
1.Rejection at Fibonacci Level.
Reason mentioned in the chart
Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.
Power grid corpPower grid corp has given double breakout with good intensity of volume, one can go long at these levels or in dips
all the key levels are mentioned in chart with stop-loss and targets
key levels are mentioned in chart
double breakout with good intensity of volume
macd in daily positive crossover and Uptick and also above zero line
Rsi in hourly above 60
Rsi in daily above 60
upper bollinger challenged by price in daily time frame
Dmi adx positive ungali setup in daily time frame
Disclaimer
I am not sebi registered analyst
my studies are educational purpose only
consult with your financial advisor before trading or investing
Pacific Gas & Electric Price Prediction for Second Half of 2021***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.***
Historical Preface:
Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term decline. I do predict these severe declines to be short term and utilities ($PCG included) will soon return to their established trends. For PG&E, the established trend is bearish.
Prediction:
My prediction for the remainder of the summer is the stock will likely struggle downward until it finds strong support around $9.00-$9.05 (see trended chart below). This downward pressure is a result of investors seeking ever higher returns in more speculative sectors throughout the summer. The less "sexy" sectors (Energy and Utilities) will likely languish until Fall. I also think the perception of Utilities has suffered since PG&E's and ERCOT's most recent gaffs; deserved or otherwise. ESG minded investors are avoiding these equities on a principled basis rather than financial. I anticipate this trend to eventually fade.
I will continue to add to my position at the $9.25-$9.30. Once a new strong support level is found I expect a quick, multi-week bull run to $15.00 during the last part of the year. I don't foresee prices exceeding $20.00 in 2021.
Pervasive Risks:
The location of PG&E's service area remains its biggest and most obvious risk. Most will cite the indebtedness as PG&E's largest negative mark but I don't consider this the case since the debt structure is understood and the re-payment plan is well defined. PG&E's location in California's most arid region will dominate the future risk of investing with this company. Obviously, there's little PG&E can do to rectify the issues introduced within its service area. These same challenges would be faced by any utility who exists in this location and the service outcomes would likely be the same. But, the companies leaders are taking steps to better alleviate concerns of future wildfire liabilities.
Future Confidence:
I like that PG&E understands its locational challenges and is working to mitigate them. Though I work in the Electrical utility industry, I don't know how the problems posed can be easily or cheaply addressed beyond better maintenance programs. PG&E seems to understand their position on that front is fragile and they need help finding other ways to meet their challenges; even if they don't understand what those challenges precisely are or how to mitigate them. This makes the close work they're doing with Palantir a very bullish indicator of PG&E's future success.
Final Remarks:
I remain very bullish in the long term.
The great Electrical market thesisPower companies may have a disruptive force entering their lives within the the next 10 years 2025-2030 timeline as powerledger will inevtiably become the biggest independant competiter to the government backed electrical giants
,buying your energy to the grid at a Fixed price aka,0.33cents Per KWH when it only costs them 0.05 cents to generate the energy, will slowly creep into the minds of the masses and will realise they have been getting ripped off the whole time purely due to no open market within the electrical center being currently open.
Power ledger offers a solution to Fixed prices of buying KWH for 0.33 and selling it for 0.05cents that is an open market,i can buy my KWH with Powerledger for 20cents Per KWH from george an say if i have some extra energy left over i can put a sell order of 0.09cents PER KWH to the open market for someone else who needs that power.
Example:
People that have a battery/inverter of sorts such as the tesla battery say okay so i can make a descion to sell my excess energy for 0.08 cents per KWH Using Powerledger to jeffrey that lives 100kms away and jeffrey has had an overcast day and doesn't have enough energy to supply his house for the day but also doesnt want to buy from the grid at a fixed price at 0.33 cents he can buy his required amount KWH for 0.08cents and maybe buys 4 hours with which is 0.32cents per KWH which is the same price for 1 hour at the grid vs 4 hours on an open market.
It is just a matter of time until the electrical companies will have to adapt to an open market selling at a cheaper price due to new conditions being placed.
KEY:
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The tesla system battery/inverter recognizes there's not enough energy coming in from the solar panels to provide enough energy for the household for that particular day ie. on an overcast day and hence will start using power from the main grid at a fixed rate.0.33cents per KWH
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Powerledger is an open market for energy buy and sell that allows individuals with storage facilitys like a tesla batttery/inverter to buy energy at KWH for a fluid price on the open market that is powerledger.
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1 kilo watt hour is the same 1000w heater used for 1 hour.
PowerGrid Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones & 200 EMA and target is place near swing and channel high.
Imp: Earnings may be disclosed during the trade duration. If not good or the trendline and 200 ema are broken after results, it may be a better option to exit.
PowerGrid breakout candidatePowergrid is on the list of gainers, today, and I also discussed this post in my previous posts, the stock looks good on all the timeframe and they are in alignment.
On the hourly chart, it closed near the trendline resistance, since the higher frames are positive, I am expecting that we might see a breakout tomorrow and it could be good intraday for tomorrow, the next resistance I see is around 232 levels, stop loss can be placed below 226 levels.
Risk reward might not be favorable for intraday trade, but for swing, where the stock could move up to 240 -242 levels, it could be a good RR Trade.
PowerGrid Long PositionSince the stock is listed its been in the channel pattern for a decade. Now it has the potential to breakout. Now the stock shows slightly a down move and once it gets a support at rupees 220, it could go a long way up .... Wait for the price to move above rupees 247 then go for long term investment as it is a nice script. NSE:POWERGRID