INDIGRID (REIT) INDIGRID - (REIT)
Dividend and Growth (Almost like investing in a BOND)
*At Present they are giving Rs. 4/- as dividend every quarter.*(here it is called as Distribution)
Slow and steady moving stock.
Can have a Small portion.
Technical view is *BULLISH*
Shared it for Reference purpose based on chart pattern and My STUDY.
Do Your analysis from your side before taking the ENTRY.
INDIGRID trade ideas
INDIA GRID TRUST LONGIndia Grid Trust
MTF Analysis
Schaeffler India Corp Yearly Demand Breakout 121
Schaeffler India Corp 6 Month Demand Breakout 121
Schaeffler India Corp Qtrly Demand BUFL Breakout 121
Schaeffler India Corp Monthly Demand BUFL 132.5
Schaeffler India Corp Weekly BUFL 132.5
Schaeffler India Corp Daily DMIP 132.5
ENTRY 132.5
SL 129
RISK 3.5
Target 173.5
REWARD POINT 41
Last High 153
RR 11.71
RR 31%
India grid trust India grid trust. From the last few months stock has been consolidating around 135 level, which is important fibo support also. Poll & flag formation going on, yet breakout not done.. you can see H&S pattern under completion after correction, yet breakout awaits. Look like a good risk to rewards trade and current position. CMP:137 stoploss: 133( for short term) 125( mid to long term). Target: if poll and flag breakout happens and sustain then this may go to 200-210 level... in addition to that company pays rs.3-4 as dividend cum interest also...study this share