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Powergridtrend

Power grid corporation This depicts a technical pattern known as the "Cup and Handle" pattern. If the breakout is successful, an upward bullish trend can be expected If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:POWERGRIDLong
by milanpatel007
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.
NSE:POWERGRIDLong
by manuagarwal21
1
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.
NSE:POWERGRID
by finogent