POWERGRID trade ideas
Power Grid (A Powerful Move Incoming ?)Power Grid looks set for a good momentum move after being in a range bound channel for a while. My rationale behind the possible strong momentum is given below:
The Parallel Channel and the Blue lines shown are important levels in the monthly / Weekly time frame which shows a strong area of Resistance / Support. The Channel is an area of Indecision where the price has bounced off and back consistently. The Green line is a daily trend line which is being respected and is acting as a support. The Yellow line is the Daily / Hourly resistance line which the stock has found difficult to breach in the short run. I have further incorporated some indicators such as CPR, MACD and EMA.
In MACD we can see a positive divergence and a certain yellow trend line which is being respected and it shows a certain area of support and a bullish sentiment. The CPR is in a very narrow range following a wide CPR which shows an area of indecision and a movement on any side will be a strong one. The moving averages are also acting as a support.
So the sentiment from this rationale is surely bullish, however erratic volumes in the last few days have also shown exhaustion moves and the stock has retraced back.
trendline formed trendline formed , its time for breaking out the trrendline. Wait for trend reversal
Power Grid - BullPower Grid is showing bullish sign if today's close is above yesterday high we can see a decent upward momentum
Power Grid Chart Analysis on Daily BaisPower Grid Chart analysis on Daily basis which clearly shows take support at around 180 many times and there is a resistance at 195 and 199.
PowerGrid Revered from support Reversed from support, Go for buy when it breaks the resistance which was indicated in the chart
Bullish Reversal on Daily TF - Buy Above 189.7, SL 188.3NSE:POWERGRID
Bullish Reversal on Daily TF
RSI Crossing 40 from below
Buy Above 189.7 / SL 188.3
POWERGRID (Power Grid Corporation of India Limited)BUY ABOVE 201POWERGRID (Power Grid Corporation of India Limited) BUY ABOVE 201
PowerGrid - BreakOut or BreakDown!It's trying to break the resistance around 200. If it breaks, then we can aim for 216. Otherwise, it can slide back to the previous support zone around 175.
Powergrid - Potential Flag BreakoutPowergrid seems to breaking out of a Flag Pattern above 215. A decisive breakout could give pattern targets at 240/275. Negated below 190.
POWERGRIDWAITING FOR PRICES TO TEST THE ENTRY PRICE. BUY SETUP :)
KEEP IT SIMPLE, KEEP IT UNIQUE :)
HAPPY TRADING, HAPPY PROFIT MAKING :)
NOTE: MY VIEW ONLY....
Power grid ascending triangle!!!ascending triangle formed in powergrid
long above 211 for 215,223
short below 204 for 200,16
Early idea publish on powergrid
short side target achieved
POWERGRID - BREAKOUT PLAYPOWERGRID WHICH WITNESSED A BREAKOUT ON A WEEKLY AND MONTHLY CHART. IT IS A GOOD STOCK WITH ALL ITS CHARTS ARE BULLISH, MONTHLY, WEEKLY AND DAILY. IT MAY COME NEAR 200-201.
