It's trying to break the resistance around 200. If it breaks, then we can aim for 216. Otherwise, it can slide back to the previous support zone around 175.
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Powergrid seems to breaking out of a Flag Pattern above 215. A decisive breakout could give pattern targets at 240/275. Negated below 190.
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ascending triangle formed in powergrid long above 211 for 215,223 short below 204 for 200,16 Early idea publish on powergrid short side target achieved
POWERGRID WHICH WITNESSED A BREAKOUT ON A WEEKLY AND MONTHLY CHART. IT IS A GOOD STOCK WITH ALL ITS CHARTS ARE BULLISH, MONTHLY, WEEKLY AND DAILY. IT MAY COME NEAR 200-201.
PowerGrid Technical Analysis Analysis of Power Grid Corporation of India Ltd