Entry Zone - 335.30 - 336.82 Target - 358.80 Stoploss - 323.55 Stoploss only when 1 day candle closes below the price - 323.55 Note: This is not any financial advice, this is for education purpose only
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....
POWERGRID given breakout on daily time frame, now wait for retest and let resistance become support. its always good to wait for correct time Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as...
The stock had seen quite a fall from last week, and the weakness is carrying forward this week also. The next good support of the stock is around 167-171 levels. Keep an eye on the stock for bottom picking, though one can wait for the price to stabilize near support levels.
Stock has recently taken support from the levels of 204.05 and has shown signs that an upward movement is possible in the mid term horizon. So if you are considering this stock in your portfolio then you could get into this counter as the risk would be at minimal cost. Time duration 2-3 months Buy @ CMP or above 212 for a Target of 240 with a stop of 204 or below.
we can see powergrid has taken out support trendline we can buy puts on retest near 212-13 for trgt of 190 monthly candle breakdown also supports sell side trade
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...