POWERGRID trade ideas
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
Swing Trade Setup - Power Grid Corp.Hi Traders,
Price is trading above the 50D moving average in the monthly timeframe. Price tested the golden zone and broke the trendline.
Happy Trading.
POWERGRID Short 215PE of July SeriesSold 1 lot of #POWERGRID 215 PE Of July @ 0.30
Lot Size = 4000
Upper side BEP = N/A
Lower sidr BEP = 214.7
Margin Blocked around 1.10L
% of Return in July ~~~ 1.09 if it expires above 215 in July
PowerGrid Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones & 200 EMA and target is place near swing and channel high.
Imp: Earnings may be disclosed during the trade duration. If not good or the trendline and 200 ema are broken after results, it may be a better option to exit.
Trading Idea : Buy PowerGridNSE:POWERGRID is making Higher Highs and Higher Lows on daily charts. Stock is trading above all moving averages. Stock has also given all time high breakout of monthly charts.
One can initiate long position around 236-238 levels with Stop Loss below 228 (Closing Basis) with Target of 250.
powergrid looking attractivebuy with a stoploss of 226 , close on daily chart and target is 237, and 244 with 1:1 and 1:2 risk reward ratio
power grid inverse head and shoulder + ascending triangle + all time high breakout with good volumes
can give a target of 278 according to fib retracement .
breakout from 2017 levels. can go for new highsRSI is still 60 so has upside potential
after breaking 2017 has cooled off for a few days. now trying to make new highs
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 15MINPOWERGRID making a saucer pattern breaking in between given a short opportunity otherwise following the saucer pattern can give upside moment.
this trade was given in premium membership.
PowerGrid Long PositionSince the stock is listed its been in the channel pattern for a decade. Now it has the potential to breakout. Now the stock shows slightly a down move and once it gets a support at rupees 220, it could go a long way up .... Wait for the price to move above rupees 247 then go for long term investment as it is a nice script. NSE:POWERGRID
powergridHi traders .
I shared my view based on technical factors.
Do you analysis before taking a trade
POWER GRID: STRONG FUNDAMENTALSSl - 211
Start accumulating at lower levels because the day it will give rally, catching it will be next to impossible.
After 238 a big breakout is pending .
Start buying by maintaining a perfect SL.
Post your queries in Comment section or DM me.
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.
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
