Powergrid_long
POWERGRID : BreakoutPOWERGRID given breakout on daily time frame, now wait for retest and let resistance become support. its always good to wait for correct time
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
POWER GRID - IMPORTANT LEVELSThe stock had seen quite a fall from last week, and the weakness is carrying forward this week also.
The next good support of the stock is around 167-171 levels.
Keep an eye on the stock for bottom picking, though one can wait for the price to stabilize near support levels.
POWERGRID - A Mid term viewStock has recently taken support from the levels of 204.05 and has shown signs that an upward movement is possible in the mid term horizon.
So if you are considering this stock in your portfolio then you could get into this counter as the risk would be at minimal cost.
Time duration 2-3 months
Buy @ CMP or above 212 for a Target of 240 with a stop of 204 or below.
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
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 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
Desclaimer : This is for educational Perpose We Are Not Sebi Registered You may ask your investment advisor before any action.