PowerGrid Short Term Reversal Trade
The 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.
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.
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