Powergrid Corporation Ltd view for Intraday 21st April #POWERGRIPowergrid Corporation Ltd view for Intraday 21st April #POWERGRID
Resistance 310 Watching above 311 for upside movement...
Support area 300 Below 305 ignoring upside momentum for intraday
Watching below 299 for downside movement...
Above 305 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
POWERGRID trade ideas
powergirdpowergird
Power grid analysis is a crucial process in electrical engineering and semiconductor design. It involves evaluating the performance and reliability of power distribution networks to ensure stable voltage delivery and prevent issues like excessive voltage drops or power dissipation.
POWERGRID : Disconnected ?
🚀 Power Grid Corp poised for a breakout? 📈
### Chart Analysis
Swing Target Zone : 349-359 INR
Deep Retracement Zone : 309-315 INR
Wave C Completion Zone : 308-311 INR
Stop Loss : 305 INR
### Trade Plan
Entry : Consider entering around the Wave C completion zone (308-311 INR) .
Target : Aim for the swing target zone between 349-359 INR .
Stop Loss : Place a stop loss at 305 INR to manage risk.
### Conclusion
The chart suggests a potential move towards the target zone .
Monitor closely and adjust the plan as needed.
The setup offers a favorable risk-reward ratio .
📢 Disclaimer : This trade plan is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
#PowerGrid #TechnicalAnalysis #TradingPlan #StockMarket #Investment
POWERGRID MAY FALL DUE TO DOUBLE TOP FORMATION
DOUBLE TOP FORMATION :
powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall.
Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole whole stock market. But after the release of the election results it has started going down again
BEARISH DIVERGENCE :
Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on chart & rsi 4th mar & 29th july respectively indicating strong bearish momentum for powergrid
BEARISH MACD :
macd indicator has also become extremely bearish with macd line hovering below signal line by large margin
PROFIT TARGET :
The stock will fall till 299 level which is 22 points away from current level
Power Grid Corporation i*Power Grid Corporation*
P&F Formation on Monthly Basis
Price BreakOut >357 Needed & to be Sustained.
RSI: 1H (Super Bullish) > D >W <M (Getting into Bullish)
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Weekly/Monthly Basis.
Vol. BuiltUp need to be watched.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Financially stable.
*This is an Opinion. Do your own research as well*
*_Happy Investing_*
POWER GRID CORP. LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Its also dividend paying stock
Buy above the High important as it is a Confirmation that Stock will continue in uptrend.
POWERGRID 1D TFPowergrid breaking current high and moving towards new highs.
Good to go long in this stock at the current level or we can wait for retesting of 360 levels.
The first target can be 382 and 2nd target will be 418.
If it breaks down we can expect till recent support zone of 325 levels.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Power Grid Corporation Ltd Observations:
Cup and Handle Formation: A bullish continuation pattern, suggesting that the price may break out upward after the handle formation completes.
Breakout Level: The resistance around the ₹364-366 zone, marked by the top of the "cup."
Strong Volume: There seems to be a spike in buying volume near the breakout, which is a positive signal for the trade.
Trade Setup:
Entry:
Buy Power Grid if it sustains above the ₹366 level with good volume confirmation.
Alternatively, enter on a pullback to the ₹360-364 region after the breakout, if the price retests the breakout zone.
Target:
First Target (T1): ₹380-385, based on the height of the cup pattern.
Second Target (T2): ₹400-410, assuming the broader trend remains bullish and market conditions are favorable.
Stop Loss:
Place a stop loss below ₹350, just below the recent low in the handle or a strong support level.
For a more conservative approach, use a stop loss below ₹340.
Timeframe:
This is a positional trade; it may take a few weeks to play out. Keep an eye on the price action and volume for further cues.
Risk Management:
Position Size: Limit the position size to avoid large losses, as the overall market conditions could still influence the trade. Allocate only a portion of the capital.
Trailing Stop Loss: Once the stock reaches the first target, trail your stop loss to protect profits.
In summary, Power Grid is showing a potentially bullish continuation pattern, and a breakout above ₹366 could lead to significant upside, provided the broader market remains supportive.
Powergrid can become PowerfulPower Grid Corp. of India Ltd. is a holding company, which engages in the power transmission business. It operates through the following segments: Transmission Services, Consultancy Services, and Telecom Services. It is a PSU company with high dividend yield of 3.3% at current market price.
Power Grid Corp. of India Ltd. CMP is 337.40 The positive aspects of the company are moderate Valuation (P.E. =20), Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Growth in Quarterly Net Profit with increasing Profit Margin and The Negative aspects of the company are Inefficient use of shareholder funds - ROE declining in the last 2 years and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 343. Targets in the stock will be 348 and 356. The long-term target in the stock will be 364. Stop loss in the stock should be maintained at Closing below 328 or 291 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Dividend Paying Stock - Long TermI am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It One of the Dividend Paying Stock for Long Term Investors and Right Now in Good Position to take Entry.
Always take entry near the Support to Moving average.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Power Grid-Bullish Swing-More power expected!! NSE:POWERGRID
01.08.2024
Buy 359.7
Target 386
Stop Loss 342
Risk: Reward: 01:1.5
1. Inside bar breakout in day TF and Weekly TF
2. Good Uptrend
3. Price has broke strong resistance level
4. Good Volumes from past few days
5. Energy sector and public sector is in good mood
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 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