POWERGRID trade ideas
Did you seeePower stocks on the upside move One of the stocks from this Bucket is POWER GRIDE just look at the chart and you will get a sound understanding of it.
One can consider 317.5 CE@4.7 with a strong stoploss is 3.2
power grid go long powergrid has given breakout of rounding bottom suggesting buy hold for few weeks for good tgt
PowerGridThis is one of the strongest Nifty 50 stocks which usually tends to out perform both NIFTY and small cap index. It is a play on the utilities sector with a high dividend yield!
This is a must do SIP stock there is!
Can start accumulating and buy on dips!
Power grid ready for B.O??Power grid can give a good up move with a small STOPLOSS and good Targets
ENTRY - 272.5
STOPLOSS - 269.8
TARGETS- 280, 285, 295++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
#Flag #Breakout with Mark ContractionPowergrid
1) #Flag
2) #Contraction (Mark Minervini patter) withing flag
3) Consolidation before #Breakout
4) Engulfing Breakout candle to all 5-6 candle
POWERGRID FLAG AND POLE - REPOSTPowergrid FLAG AND POLE repost after RE-TESTING trend line and showing a good buying opportunity for swing and positional trades
Entry - 282.5-283
STOPLOSS - 278
TARGETS - 290,300++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou.
Powergrid FLAG AND POLE Powergrid already gave a super up move and consolidating near that hight and getting ready to break those who missed that first rally can pick this after breaking upper side trend line with a proper stoploss for bigger targets
ENTRY at 283
STOPLOSS- 272
TARGET - 300, 330, 350-370++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Buy Powergrid, IntradayPowergrid is in uptrend. Eyeing to enter at the zone given (Yellow box). There should be some accumulation at yesterday's High. Let's see what market has for us
Hope for the best.
POWERGRIDNSE:POWERGRID
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Power Grid Technical AnalysisNSE:POWERGRID
Power grid is about to give the break out from the long term resistance trend line. When the stock trades with one good bullish momentum then that will be right time to enter the trade.
At the down side 180 range and 120 range are good support zones to keep the stop loss.
POWERGRID IN STRONG HANDSCup and handle pattern has been formed on POWERGRID and what I'm looking for is the breakout and retest to take it to the upside.
Target - 266.65
Buy Power Grid Corp (POWERGRID) in the rising channelThe price seems to be bouncing from the horizontal support.
Entry Point: 245 - 239
Stop Loss: Place a stop-loss order at 236.00. This level corresponds to recent lows just below
upsloping support line.
Take Profit Targets:
Target Price 1: Set the first target price at 276.00 bellow upsloping resistance line unbroken in the
past 6 months.
PowerGrid Breakout or Breakdown Risk Reward 1 to 3 Trades
In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades.
If we follow this approach, over the long run, money is gained.
A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only.
Happy Trading!
#POWERGRID... Looking good or 02.08.23#POWERGRID...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
POWERGRID - GREAT PICK FOR INVESTMENTUpon careful analysis of the different time frames of powergrid, one might come to a conclusion that it is gonna head upwards at accelerated pace once it crosses 254. Keep an eye on it since it is one of the most promising stock. I have attached my analysis wherein i have drawn the most probable path it might take if it wants to head high.
Power Grid Corporation-Nice breakoutPower Grid Corporation-Nice breakout.
Capital to be deployed- 20k
Price -247/255
Stoploss-225
Targets-284/323
#powergrid #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
buy power grid cmp target 264.90, 269, 274 ascending triangle buy power grid cmp target 264.90, 269, 274
ascending triangle breakout
risk reward 1.5
sl @227.55
Breakout PowerGrid Chart Stock is a company operating in the power transmission and distribution sector. As an integral part of the energy infrastructure, PowerGrid plays a crucial role in facilitating the transmission of electricity across regions. The company's robust financial performance, solid operational capabilities, and strategic initiatives have contributed to its market reputation.
The breakout on PowerGrid's stock chart signifies a decisive move above a resistance level that had previously prevented the stock's price from advancing. This breakout suggests that buyers have gained control and are pushing the stock higher. Traders often see such breakouts as a signal to enter positions in anticipation of continued upward momentum.
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Title: PowerGrid Breakout: Analyzing a Promising Chart Pattern
Introduction:
PowerGrid Corporation of India Limited (PowerGrid) has caught the attention of traders and investors alike with its recent breakout on the stock chart. Breakout patterns can signify potential shifts in market sentiment and present opportunities for those looking to capitalize on upward price movements. In this article, we will delve into the breakout on PowerGrid's stock chart and analyze the factors that make it an intriguing prospect for market participants.
Understanding the Breakout:
A breakout occurs when a stock's price moves above a significant level of resistance, indicating a potential change in the prevailing trend. In the case of PowerGrid, the breakout suggests that the stock's price has surpassed a key resistance level, attracting attention from market participants and potentially paving the way for further price appreciation.
Analyzing the Chart:
Resistance Breakout: The breakout on PowerGrid's stock chart signifies a decisive move above a resistance level that had previously prevented the stock's price from advancing. This breakout suggests that buyers have gained control and are pushing the stock higher. Traders often see such breakouts as a signal to enter positions in anticipation of continued upward momentum.
Increased Volume: The breakout is further supported by increased trading volume, indicating heightened market interest and participation. Higher volume during a breakout suggests a broader market consensus that the stock's price has the potential to continue rising. It demonstrates increased buying pressure and reinforces the validity of the breakout.
Positive Momentum: The stock's upward momentum is an important factor to consider when evaluating the breakout. Analyzing technical indicators, such as moving averages, can help confirm the strength of the trend. Bullish crossovers, where shorter-term moving averages move above longer-term moving averages, may provide additional confirmation of the positive momentum.
Fundamental Factors: Alongside technical analysis, it is essential to consider the fundamental factors that could support PowerGrid's potential breakout. Evaluate the company's financial health, recent earnings reports, industry outlook, and any significant news or developments that may impact its future prospects. A combination of strong technicals and positive fundamentals can increase the likelihood of a successful breakout.
Cautions and Considerations:
While the breakout on PowerGrid's stock chart appears promising, it is crucial to approach the situation with caution and consider a few key points:
False Breakouts: Breakouts can sometimes be followed by false signals, where the stock price retreats back below the breakout level. Traders should be aware of the possibility of a false breakout and implement appropriate risk management strategies, such as setting stop-loss orders, to mitigate potential losses.
Market Conditions: Assess the broader market conditions and any relevant industry trends. A favorable market environment and positive sector outlook can enhance the potential for the breakout to sustain its upward trajectory. However, unfavorable market conditions or unforeseen events could impact the stock's performance.
Continuation or Reversal: Breakouts can either result in a continuation of the upward trend or a temporary price spike followed by a reversal. It is essential to monitor subsequent price action, volume, and technical indicators to gauge the stock's strength and sustainability of the breakout.
PowerGrid's breakout on the stock chart presents an intriguing opportunity for traders and investors. The upward movement, supported by increased volume and positive momentum, indicates a potential shift in market sentiment. However, it is important to exercise caution, consider the broader market conditions, and conduct thorough research to assess the stock's fundamental strength. By applying a combination of technical analysis, fundamental analysis, and prudent risk management, market participants can make informed decisions and potentially benefit from PowerGrid's breakout. Remember, breakout trading requires careful analysis and ongoing monitoring to navigate the markets successfully.
Happy Trading
Power GridPrice is getting squeeze in and it is getting ready to give breakout in Daily as well in weekly time frame and the best thing is it at its ATH high can give a nice up move keep in tracker mode above 240 on daily closing basis
