POWERGRID into temporary correction.As long as it is sustaining below 229 -230 levels, there is a probability of a Bullish Cypher pattern on the hourly chart of PowerGrid.
The important point of the bullish cypher is that both the lows and the highs are trending upwards, hence the structure of all the timeframes are trending upwards.
So bullish cypher if unfolds as expected, is going to provide a great opportunity to enter in the stock at attractive prices.
Shorting is definitely not a good idea in this stock, though buying can be made either above 230 levels or in the range of 220-218.
Disclaimer: If you are trading this, you are trading at your own risk.
POWERGRID
Is Powergrid a good buy? I was scanning the stocks through the gainers and losers list today, and the stock that took most of my attention is the Powwergrid.
Why? Let me tell you, the first and foremost reason was: the stock went above its all-time high today, though couldn't close above it, but it did make a new high today.
Second: Price Action on All timeframes are in alignment, all pointing in one direction.
Third: RSI is above 60 on daily weekly and monthly charts.
All these parameters, suggesting that we could see a good move in the upside in the stock..
The range i could see for the short term is 225-210, in which stock could consolidate.
Conclusion : Sustaining above 210 levels, stock could see 270 levels in the coming weeks/months.
Type of Trade : Positional, Breakout
POWERGRID : Stock is consolidating.The stock is consolidating at these levels. We are awaiting the MACD cross-overs. ANd if that happens we can see the recovery, else EXIT is the best option we see.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
POWERGRID LONG INTRADAY 31 MAR,2021Dear trader,
If u look at the chart of POWERGRID (analysis based intraday only) the POWERGRID support at 220 and Target at 228 and Stop loss at 216.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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PWR_GRID Intraday Analysis Prediction for 08.03.2021Things to be kept in mind :
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>> Take this trade only if Nifty is red in its pre-opening session.
>> Take this trade only if Powergrid opening price is equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite
>> Trade under professional supervision.
POWERGRID POWERGRID facing trendline resistance as shown in chart ,it has important support around 155-158levels one can trade for target of price reaching trendline again at 170-173 levels & can trade short side from there upon seeing any reversal candle stick pattern at trendline for 158/155 as targets.
POWERGRID With Power On ChartHello There,
Hope You all are fine and fit..
As you all aware we are sharing daily one stock analysation report here, Same you might book profit from our analysation..
This is short evaluataion For PowerGrid.. Showing very bullish view on chart with all indicator in support, Powergrid is Nifty Stock which will be more safe for long term investor, As per current trend on chart we can expect good profit in comming days.. this is our paid group call as well, we trust that Powergrid can give you profit. if you look at the trend on chart it is now near to break out point. hope monday we will see a big breakout in this with huge price gap. try to hold this script minimum 2 months in your portfolio if you want to get better profit. if you can hold for long term then you can consider for 6 -12 -24 - 36 Months as well.. Our Two Months Target Will be 225 - 229 - 235 - 240.
Hope You like our researches and making good profit..
Thanks,
-UD Trade
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