POWERGRID trade ideas
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
POWERGRID 4HRBEARISH BAT & GARTLEY strong potential reversal zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
PowerGrid Daily Chart : Cup and Handle pattern Found.Cup and Handle Pattern Found.
BO above 230 for short Target if 238.
Powergrid Good Breakout
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Powergrid: Potenial to be the best pick of the decadePowergrid is in accumulation between 175 to 225 since 2016, and I hope you know the power of Accumulation.
The stock is sincerely following its Resistance trend line.
Once the stock breaks the trend line, I assure you it can be a best pick for the decade.
Also, Powergrid is a Nifty50 stock, with dividend!
Example, watch reliance industries, it was in accumulation stage from 2009 to 2014 when its price was 500, and after that it just blasted of till 1600 price.
Watch Titan company, it was in accumulation stage for 2 years and it blasted off to give 200-300% return.
POWERGRID is it ready to go up?POWERGRID formed bullish Gartley pattern. Got good support around 2002 to 207. Watch out PRZ and go long !
POWERGRID : Stock is consolidating.The stock is consolidating at these levels. We are awaiting the MACD cross-overs. ANd if that happens we can see the recovery, else EXIT is the best option we see.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
