PowerGrid - ShortPower Grid CMP - 188.45
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 188 / Stop Loss 193.50
Target 1 - 185
Target 2 - 184
Target 3 - 183
Disclaimer: This is my view and for educational purpose only.
POWERGRID trade ideas
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Note: bearish in weekly and daily time frame.
This is only for educational purpose please contact your financial advisor before investing your hard earned money.
My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.
Basic intraday setupPleasure to have you here. in this 15 minutes chart, the chart has been slightly in uptrend and based on the technical analysis have prepared a small intraday setup.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Note:- 1) This is just an intraday analysis setup and no advice to trade.
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
POWERGRID POWERGRID facing trendline resistance as shown in chart ,it has important support around 155-158levels one can trade for target of price reaching trendline again at 170-173 levels & can trade short side from there upon seeing any reversal candle stick pattern at trendline for 158/155 as targets.