POWER GRID CORP S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
POWERGRID trade ideas
Powergrid upside move Power grid can give a good up move with a decent stoploss and good Targets for swing or positional trades
Entry - 303
STOPLOSS - 298
TARGETS - 320, 328, 336++
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
Swing opportunity on POWERGRIDHope you all recovered from huge swings for the past couple of days. I recently happen to find a swing opportunity on POWERGRID daily chart where price is moving between a ascending channel. Price is at support level with the formation of double wick on the bottom indicating there is a strong buying pressure at this level. Once can enter just above todays high with a stop loss just below todays low. Target can be at the next resistance level. This trade offers an ideal risk reward at around 1:2.5.
Hope you like this analysis. If you think it was helpful please boost this idea or leave a comment down on what you think. Otherwise happy trading :-)
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry inside zone
- sl is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid.
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
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
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.