This is one of the strongest Nifty 50 stocks which usually tends to out perform both NIFTY and small cap index. It is a play on the utilities sector with a high dividend yield!
This is a must do SIP stock there is!
Can start accumulating and buy on dips!
Power grid can give a good up move with a small STOPLOSS and good Targets
ENTRY - 272.5
STOPLOSS - 269.8
TARGETS- 280, 285, 295++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or...
Powergrid FLAG AND POLE repost after RE-TESTING trend line and showing a good buying opportunity for swing and positional trades
Entry - 282.5-283
STOPLOSS - 278
TARGETS - 290,300++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
...
Powergrid already gave a super up move and consolidating near that hight and getting ready to break those who missed that first rally can pick this after breaking upper side trend line with a proper stoploss for bigger targets
ENTRY at 283
STOPLOSS- 272
TARGET - 300, 330, 350-370++
Note- if any trade or value that's gone from the marked levels then...
Powergrid is in uptrend. Eyeing to enter at the zone given (Yellow box). There should be some accumulation at yesterday's High. Let's see what market has for us
Hope for the best.
NSE:POWERGRID
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
NSE:POWERGRID
Power grid is about to give the break out from the long term resistance trend line. When the stock trades with one good bullish momentum then that will be right time to enter the trade.
At the down side 180 range and 120 range are good support zones to keep the stop loss.
The price seems to be bouncing from the horizontal support.
Entry Point: 245 - 239
Stop Loss: Place a stop-loss order at 236.00. This level corresponds to recent lows just below
upsloping support line.
Take Profit Targets:
Target Price 1: Set the first target price at 276.00 bellow upsloping resistance line unbroken in the
past 6 months.
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...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Upon careful analysis of the different time frames of powergrid, one might come to a conclusion that it is gonna head upwards at accelerated pace once it crosses 254. Keep an eye on it since it is one of the most promising stock. I have attached my analysis wherein i have drawn the most probable path it might take if it wants to head high.
Power Grid Corporation-Nice breakout.
Capital to be deployed- 20k
Price -247/255
Stoploss-225
Targets-284/323
#powergrid #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
